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 |
Senate Bill S5660
2011-2012 Legislative Session
Sponsored By
(R, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2011-S5660 (ACTIVE) - Details
- Current Committee:
- Assembly Real Property Taxation
- Law Section:
- Taxation
2011-S5660 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5660 REVISED 01/31/12 TITLE OF BILL: An act relating to the qualification of payments made by the taxpayer as eligible real property tax payments for purposes of the QEZE Tax Credit PURPOSE: To mitigate the reversal of a decision made by the NYS Department of Tax and Finance which negatively impacted a taxpayer. SUMMARY OF PROVISIONS: Section 1. Any payment in lieu of taxes made by a QEZE to the state, municipal corporation, or public benefit corporation pursuant to a lease agreement with a landlord that is party to a payment in lieu of taxes agreement between the landlord and the state, municipal corporation, or public benefit corporation shall be deemed 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 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. Section 2. Effective date.
2011-S5660 (ACTIVE) - 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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