Senate Bill S4122

Signed By Governor
2013-2014 Legislative Session

Relates to payments in lieu of taxes made by certain entities for property located at One Nirvana Plaza, Forestport, New York

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Sponsored By

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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2013-S4122 (ACTIVE) - Details

See Assembly Version of this Bill:
A6064
Law Section:
Real Property Taxation

2013-S4122 (ACTIVE) - Summary

Relates to payments in lieu of taxes made by certain entities for property located at One Nirvana Plaza, Forestport, New York.

2013-S4122 (ACTIVE) - Sponsor Memo

2013-S4122 (ACTIVE) - Bill Text download pdf 

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

                                  4122

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 11, 2013
                               ___________

Introduced  by  Sen.  GRIFFO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

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 One Nirvana Plaza, Forestport, 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
corporation,  or public benefit corporation for such payments.  Notwith-
standing 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 only apply to
taxable years beginning on and after January 1, 2009 and  ending  on  or
before December 31, 2012.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09333-02-3

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