Assembly Bill A6884

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

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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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2015-A6884 (ACTIVE) - Details

See Senate Version of this Bill:
S4401
Law Section:
Taxation

2015-A6884 (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.

2015-A6884 (ACTIVE) - Bill Text download pdf 

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

                                  6884

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 8, 2015
                               ___________

Introduced  by  M.  of A. THIELE, GARBARINO -- read once and referred to
  the Committee on Ways and Means

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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