Provides that the provisions of chapter 430 of the laws of 2012 shall only apply to taxable years beginning on and after January 1, 2008 and ending on or before December 31, 2012.
- Feb 27, 2013: SUBSTITUTED BY A1833
- Feb 12, 2013: ADVANCED TO THIRD READING
- Feb 11, 2013: 2ND REPORT CAL.
- Feb 5, 2013: 1ST REPORT CAL.41
- Jan 24, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
S2907-2013 MeetingsInvestigations and Government Operations: Feb 5, 2013
S2907-2013 CalendarsActive List: Feb 27, 2013 , Floor Calendar: Feb 11, 2013 , Floor Calendar: Feb 12, 2013 , Floor Calendar: Feb 27, 2013
VOTE: COMMITTEE VOTE: - Investigations and Government Operations - Feb 5, 2013
BILL NUMBER:S2907 TITLE OF BILL: An act to amend chapter 430 of the laws of 2012 relating to a certain agreement for a payment in lieu of taxes, in relation to the effectiveness thereof SUMMARY OF SPECIFIC PROVISIONS: The bill clarifies that the provisions of L. 2012, c. 430 are only applicable for taxable years 2008 through 2012. JUSTIFICATION: This legislation is needed to ensure that a leased prop- erty in the City of Poughkeepsie that was granted a qualifying empire zone enterprise is not unduly burdened with unexpected tax obligations as a result of "reach back" due to a change in policy by the New York State Department of Taxation and Finance. PRIOR LEGISLATIVE HISTORY: New bill FISCAL IMPLICATIONS FOR STATE: None EFFECTIVE DATE: Effective immediately,
S T A T E O F N E W Y O R K ________________________________________________________________________ 2907 2013-2014 Regular Sessions I N SENATE January 24, 2013 ___________ Introduced by Sen. BALL -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend chapter 430 of the laws of 2012 relating to a certain agreement for a payment in lieu of taxes, in relation to the effec- tiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS:
Section 1. Section 2 of chapter 430 of the laws of 2012 relating to a certain agreement for a payment in lieu of taxes, is amended to read as follows:
S 2. This act shall take effect immediately and shall ONLY apply to taxable years beginning on and after January 1, 2008 AND ENDING ON OR BEFORE DECEMBER 31, 2012. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06970-01-3