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NY A10732
Bill
Status
Introduced
6/18/2012
Primary Sponsor
Frank Skartados
Click for details
AI Summary
- Allows qualified empire zone enterprises to claim real property tax credits for payments in lieu of taxes made to landlords under lease agreements for property at 176 Rinaldi Boulevard, Poughkeepsie, New York
- Deems such tenant payments as equivalent to direct payments in lieu of taxes agreements with the state, municipal corporation, or public benefit corporation for tax credit eligibility purposes
- Restricts eligibility to situations where the landlord has not filed a claim for the real property tax credit and has not made corresponding payments in lieu of taxes under its own agreement with the state or municipality
- Real property tax credit eligibility is based upon the amount of payments in lieu of taxes made and the tenant's employment
- Applies retroactively to taxable years beginning on or after January 1, 2008, and takes effect immediately
Legislative Description
Relates to payments in lieu of taxes made by certain entities for property located at 176 Rinaldi Boulevard, Poughkeepsie, New York.
Last Action
substituted by s7484a
6/21/2012
Committee Referrals
Rules6/21/2012
Ways and Means6/18/2012
Full Bill Text
No bill text available