Bill Text: NY A09989 | 2017-2018 | General Assembly | Introduced
Bill Title: Allows for payment in lieu of taxes imposed on real property with respect to property located at 1800 Motor Parkway, Islandia, New York, with respect to a lessee that is a qualified empire zone enterprise.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2018-08-24 - signed chap.242 [A09989 Detail]
Download: New_York-2017-A09989-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 9989 IN ASSEMBLY March 7, 2018 ___________ Introduced by M. of A. FITZPATRICK -- read once and referred to the Committee on Ways and Means AN ACT to amend chapter 296 of the laws of 2017 relating to a certain agreement for a payment in lieu of taxes, in relation to payment in lieu of taxes The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1 of chapter 296 of the laws of 2017, relating to a 2 certain agreement for a payment in lieu of taxes, is amended to read as 3 follows: 4 Section 1. Notwithstanding the provisions of subdivision (e) of 5 section 15 of the tax law, with respect to any payment in lieu of taxes 6 imposed on real property with respect to property located at 1800 Motor 7 Parkway, Islandia, New York, with respect to a lessee that is a quali- 8 fied empire zone enterprise, such payment in lieu of taxes shall be 9 deemed to be eligible real property taxes with respect to such lessee 10 and (1) such payment in lieu of taxes shall be deemed to have been paid 11 by the lessee pursuant to explicit requirements in a written lease, (2) 12 shall be deemed to become a lien on the real property during a taxable 13 year in which the lessee of the real property is both certified pursuant 14 to article 18-B of the general municipal law and a qualified empire zone 15 enterprise, and (3) the lessee shall be deemed to have made direct 16 payment of such payment in lieu of taxes to the taxing authority and to 17 have received a receipt for such payment in lieu of taxes from the 18 taxing authority. Such qualified empire zone enterprise shall be eligi- 19 ble to claim the real property tax credit provided by section 15 of the 20 tax law provided that for each of such periods, the landlord has not 21 filed a claim for the real property tax credit for such payments. 22 § 2. This act shall take effect on the same date and in the same 23 manner as chapter 296 of the laws of 2017, takes effect. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13846-01-7