senate Bill S4401

Signed By Governor
2015-2016 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

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A6884 - 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 (19)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 04, 2016 signed chap.404
Oct 26, 2016 delivered to governor
Jun 09, 2016 returned to assembly
passed senate
3rd reading cal.1235
substituted for s4401
Jun 09, 2016 substituted by a6884
Jun 01, 2016 ordered to third reading cal.1235
committee discharged and committed to rules
Jan 06, 2016 referred to investigations and government operations
returned to senate
died in assembly
Jun 18, 2015 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1818
committee discharged and committed to rules
May 27, 2015 reported and committed to finance
Mar 18, 2015 referred to investigations and government operations

Votes

view votes

Jun 1, 2016 - Rules committee Vote

S4401
24
0
committee
24
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Jun 18, 2015 - Rules committee Vote

S4401
23
1
committee
23
Aye
1
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

May 27, 2015 - Investigations and Government Operations committee Vote

S4401
6
0
committee
6
Aye
0
Nay
2
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 27, 2015

aye wr (2)
excused (1)

Co-Sponsors

S4401 (ACTIVE) - Details

See Assembly Version of this Bill:
A6884
Law Section:
Taxation

S4401 (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.

S4401 (ACTIVE) - Sponsor Memo

S4401 (ACTIVE) - Bill Text download pdf

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

                                  4401

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 18, 2015
                               ___________

Introduced  by Sens. BOYLE, CROCI -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government 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, with respect to any payment of taxes imposed
on real property with respect to property located at  85  Saxon  Avenue,
Bay Shore, 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. Notwithstanding the provisions of sections 687 or 1087 of the tax
law or any other provision to the contrary, a  claim  for  a  credit  or
refund may be filed by the taxpayer with respect to the property located
at  85  Saxon  Avenue, Bay Shore, New York, for taxable years January 1,
2009 through December 31, 2011 where the taxpayer is a qualified  empire
zone enterprise.
  S 3. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2009 and before January 1, 2012.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09765-01-5

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