Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 17, 2012 |
approval memo.9 signed chap.430 |
Aug 06, 2012 |
delivered to governor |
Jun 21, 2012 |
returned to senate passed assembly ordered to third reading rules cal.594 substituted for a10732 referred to ways and means delivered to assembly passed senate ordered to third reading cal.1480 committee discharged and committed to rules |
Jun 18, 2012 |
print number 7484a |
Jun 18, 2012 |
amend and recommit to investigations and government operations |
May 25, 2012 |
referred to investigations and government operations |
Senate Bill S7484
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - Signed by Governor
- 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
Bill Amendments
2011-S7484 - Details
- Law Section:
- Taxation
2011-S7484 - Sponsor Memo
BILL NUMBER:S7484 TITLE OF BILL: An act in relation to a certain agreement for a payment in lieu of taxes PURPOSE: Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York SUMMARY OF PROVISIONS: Section 1. Makes provisions for payments in lieu of taxes made by certain entities for specified properties and relates to eligibility for real property tax credit. Section 2. Effective date. JUSTIFICATION: Qualified Empire Zone Enterprises (QEZE) are vital businesses within our communities that encourage job growth and foster economic development. As an incentive to participate, these entities qualify for tax exemptions and refunds. For example, under New York State tax law, a QEZE tenant that is responsible for property taxes under its lease is eligible for a refund for paid property taxes. Payments by a lessee made pursuant to a PILOT agreement qualify as property taxes
2011-S7484 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7484 I N S E N A T E May 25, 2012 ___________ Introduced by Sen. SALAND -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT in relation to a certain agreement for a payment in lieu of taxes 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 quali- fied empire zone enterprise to the state, a municipal corporation, or a public benefit corporation pursuant to its lease agreement for property located at 176 Rinaldi Boulevard, Poughkeepsie, 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 corpo- ration 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 with the state, municipal corporation, or public benefit corporation. Such qualified empire zone enterprise 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. LBD16007-01-2
2011-S7484A (ACTIVE) - Details
- Law Section:
- Taxation
2011-S7484A (ACTIVE) - Sponsor Memo
BILL NUMBER:S7484A TITLE OF BILL: An act in relation to a certain agreement for a payment in lieu of taxes PURPOSE: Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York SUMMARY OF PROVISIONS: Section 1. Makes provisions for payments in lieu of taxes made by certain entities for specified properties and relates to eligibility for real property tax credit. Section 2. Effective date. JUSTIFICATION: Qualified Empire Zone Enterprises (QEZE) are vital businesses within our communities that encourage job growth and foster economic development. As an incentive to participate, these entities qualify for tax exemptions and refunds. For example, under New York State tax law, a QEZE tenant that is responsible for property taxes under its lease is eligible for a refund for paid property taxes. Payments by a lessee made pursuant to a PILOT agreement qualify as property taxes that are eligible for this refund.
2011-S7484A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7484--A I N S E N A T E May 25, 2012 ___________ Introduced by Sen. SALAND -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to a certain agreement for a payment in lieu of taxes 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 quali- fied empire zone enterprise to the state, a municipal corporation, or a public benefit corporation pursuant to its lease agreement for property located at 176 Rinaldi Boulevard, Poughkeepsie, 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 corpo- ration 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 with the state, municipal corporation, or public benefit corporation. Such qualified empire zone enterprise 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. Notwith- standing any section of law to the contrary, such credit shall be based upon the payments in lieu of taxes and employment of the tenant. 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. LBD16007-02-2
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