Assembly Bill A8725A

Signed By Governor
2013-2014 Legislative Session

Relates to a certain agreement for a payment in lieu of taxes with respect to a lessee that is a qualified empire zone enterprise of certain real property

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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

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Bill Amendments

2013-A8725 - Details

See Senate Version of this Bill:
S6193
Law Section:
Real Property Taxation

2013-A8725 - Summary

Relates to a certain agreement for a payment in lieu of taxes with respect to a lessee that is a qualified empire zone enterprise of certain real property.

2013-A8725 - Bill Text download pdf

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

                                  8725

                          I N  A S S E M B L Y

                            February 5, 2014
                               ___________

Introduced by M. of A. STIRPE -- read once and referred to the Committee
  on Real Property Taxation

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, with respect to any payment of taxes imposed
on real property with respect to property located at 111 Windsor  Place,
Islip,  New  York,  with  respect to a lessee that is a qualified empire
zone enterprise, such taxes shall be deemed to be eligible real property
taxes with respect to such lessee and (1) such taxes shall be deemed  to
have  been  paid  by  the  lessee pursuant to explicit requirements in a
written lease executed or amended on or after June first,  two  thousand
five, (2) shall be deemed to become a lien on the real property during a
taxable  year in which the lessee of the real property is both certified
pursuant to article 18-B of the general municipal law  and  a  qualified
empire  zone enterprise, and (3) the lessee shall be deemed to have made
direct payment of such  taxes  to  the  taxing  authority  and  to  have
received  a receipt for such payment of taxes from the taxing authority.
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.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1, 2011.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13286-01-4


              

2013-A8725A (ACTIVE) - Details

See Senate Version of this Bill:
S6193
Law Section:
Real Property Taxation

2013-A8725A (ACTIVE) - Summary

Relates to a certain agreement for a payment in lieu of taxes with respect to a lessee that is a qualified empire zone enterprise of certain real property.

2013-A8725A (ACTIVE) - Bill Text download pdf

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

                                 8725--A

                          I N  A S S E M B L Y

                            February 5, 2014
                               ___________

Introduced by M. of A. STIRPE -- read once and referred to the Committee
  on  Real  Property  Taxation  --  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, with respect to any payment of taxes  imposed
on  real property with respect to property located at 111 Windsor Place,
Islip, New York, with respect to a lessee that  is  a  qualified  empire
zone enterprise, such taxes shall be deemed to be eligible real property
taxes  with respect to such lessee and (1) such taxes shall be deemed to
have been paid by the lessee pursuant  to  explicit  requirements  in  a
written lease, (2) shall be deemed to become a lien on the real property
during  a  taxable year in which the lessee of the real property is both
certified pursuant to article 18-B of the general municipal  law  and  a
qualified  empire zone enterprise, and (3) the lessee shall be deemed to
have made direct payment of such taxes to the taxing  authority  and  to
have  received  a  receipt  for  such  payment  of taxes from the taxing
authority.  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.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2005 and before January 1, 2014.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13286-05-4


              

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