senate Bill S4753

Signed By Governor
2013-2014 Legislative Session

Relates to payments in lieu of taxes made by certain entities for property located at 230-234 Wallace Way, Gates, New York

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 13, 2013 approval memo.9
signed chap.508
Nov 01, 2013 delivered to governor
Jun 11, 2013 returned to senate
passed assembly
ordered to third reading rules cal.131
substituted for a6561
referred to ways and means
delivered to assembly
passed senate
Jun 10, 2013 ordered to third reading cal.1202
committee discharged and committed to rules
Apr 22, 2013 referred to investigations and government operations

S4753 - Details

See Assembly Version of this Bill:
A6561
Law Section:
Taxation
Versions Introduced in 2011-2012 Legislative Session:
S7484A, A10732

S4753 - Summary

Relates to payments in lieu of taxes made by certain entities for property located at 230-234 Wallace Way, Gates, New York.

S4753 - Sponsor Memo

S4753 - Bill Text download pdf

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

                                  4753

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 22, 2013
                               ___________

Introduced  by  Sen.  ROBACH -- 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 230-234 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
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 corpo-
ration, or public benefit corporation for such payments.   Notwithstand-
ing  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.
                                                           LBD09778-01-3

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