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