senate Bill S5660

2011-2012 Legislative Session

Relates to the qualification of payments made by the taxpayer as eligible real property tax payments for purposes of the QEZE Tax Credit

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 12, 2012 referred to real property taxation
delivered to assembly
passed senate
May 21, 2012 advanced to third reading
May 16, 2012 2nd report cal.
May 15, 2012 1st report cal.802
May 02, 2012 reported and committed to finance
Jan 04, 2012 referred to investigations and government operations
Jun 09, 2011 referred to investigations and government operations

Votes

view votes

May 15, 2012 - Finance committee Vote

S5660
24
6
committee
24
Aye
6
Nay
4
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Finance committee vote details

May 2, 2012 - Investigations and Government Operations committee Vote

S5660
5
1
committee
5
Aye
1
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 2, 2012

nay (1)
aye wr (2)

S5660 - Details

Law Section:
Taxation

S5660 - Summary

Relates to the qualification of payments made by taxpayer as eligible real property tax payments for purposes of the QEZE Tax Credit.

S5660 - Sponsor Memo

S5660 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5660

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              June 9, 2011
                               ___________

Introduced  by  Sen.  ALESI  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT relating to the qualification of payments made by the taxpayer as
  eligible real property tax payments for purposes of the QEZE Tax Cred-
  it

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Notwithstanding  the  provisions  of  subdivision  (e) of
section 15 of the tax law, any payment in lieu of taxes made by  a  QEZE
to  the  state,  municipal  corporation,  or  public benefit corporation
pursuant to its lease agreement for  property  located  at  230  to  234
Wallace  Way,  Gates,  New  York  with  a  landlord that is a party to a
payment in lieu of taxes agreement between the landlord and  the  state,
municipal  corporation,  or  public benefit corporation shall be deemed,
for the purposes of subdivision (e) of section 15 of  the  tax  law,  to
have been made pursuant to a payment in lieu of taxes agreement and such
QEZE shall be eligible to claim the real property tax credit provided by
section  15  of  the tax law provided that for each of such periods, the
landlord has not filed a claim for the real property tax credit for such
payments nor made a payment in lieu of taxes  to  the  state,  municipal
corporation,  or  public  benefit  corporation pursuant to its agreement
with the state, municipal corporation, or public benefit corporation for
such payments.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2008.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13026-01-1

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