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NY A09989
Bill
Status
8/24/2018
Primary Sponsor
Michael Fitzpatrick
Click for details
AI Summary
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Amends chapter 296 of the laws of 2017 to clarify that payments in lieu of taxes for qualified empire zone enterprise lessees at 1800 Motor Parkway, Islandia, New York are eligible real property taxes.
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Deems payments in lieu of taxes as having been paid by the lessee pursuant to explicit lease requirements and as a lien on the real property during taxable years when the lessee is certified under article 18-B of the general municipal law.
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Allows qualified empire zone enterprise lessees to claim the real property tax credit under section 15 of the tax law, provided the landlord has not already filed a claim for such credit.
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Takes effect on the same date and in the same manner as chapter 296 of the laws of 2017.
Legislative Description
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.
Last Action
signed chap.242
8/24/2018