NY A06884

Allows a qualified empire zone enterprise lessee at 85 Saxon Avenue, Bay Shore, New York to claim real property tax credits on taxes paid pursuant to lease requirements, notwithstanding standard tax law provisions.

Deems taxes paid by the lessee to be eligible real property taxes and considers them as a lien during years when the lessee holds both empire zone certification and qualified enterprise status.

Permits the lessee to claim real property tax credits provided the landlord has not already filed a claim for the same payments.

Allows taxpayers to file claims for credits or refunds for taxable years January 1, 2009 through December 31, 2011, regardless of standard filing deadline restrictions.

Takes effect immediately and applies retroactively to taxable years beginning January 1, 2009 through December 31, 2011.