Assembly Bill A10732

Signed By Governor
2011-2012 Legislative Session

Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York

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Archive: Last Bill Status Via S7484 - 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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2011-A10732 (ACTIVE) - Details

See Senate Version of this Bill:
S7484
Law Section:
Taxation

2011-A10732 (ACTIVE) - Summary

Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York.

2011-A10732 (ACTIVE) - Bill Text download pdf

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

                                  10732

                          I N  A S S E M B L Y

                              June 18, 2012
                               ___________

Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Skartados)
  -- 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, 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 176 Rinaldi Boulevard, Poughkeepsie, 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 corpo-
ration 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 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.
                                                           LBD16007-03-2


              

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