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Who cares
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Sponsors
Senator · Senate District 40
No co-sponsors yet.
History
- Substituted by A1833
- Advanced to third reading
- 2nd report cal.
- 1st report cal.41
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Clarifies an exemption from sales and compensating use taxes
Signed by Governor · Sponsor Frank Skartados
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2907
Title of bill
An act to amend chapter 430 of the laws of 2012 relating to a certain agreement for a payment in lieu of taxes, in relation to the effectiveness thereof
Summary of specific provisions
The bill clarifies that the provisions of L. 2012, c. 430 are only applicable for taxable years 2008 through 2012.
Justification
This legislation is needed to ensure that a leased prop- erty in the City of Poughkeepsie that was granted a qualifying empire zone enterprise is not unduly burdened with unexpected tax obligations as a result of "reach back" due to a change in policy by the New York State Department of Taxation and Finance.
Prior legislative history
New bill
Fiscal implications for state
None
Effective date
Effective immediately,
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.