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 |
Senate Bill S4753
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) 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
2013-S4753 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6561
- Law Section:
- Taxation
2013-S4753 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4753 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 230-234 Wallace Way, Gates, 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
2013-S4753 (ACTIVE) - 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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