Sentences with phrase «in lieu of taxes»

The city is also proposing a payment in lieu of taxes agreement, and a loan for the project, which includes building 25 single family homes.

Essentially, the new deal stretched out the tax increase time, allowing the hotel to make payments in lieu of taxes that increase over the life of the deal.

Traditionally, the state funds have come in the form of a spin - up of money the state owes the city in payments in lieu of taxes for Empire State Plaza's exemption from local levies.

The company bypassed the Syracuse Industrial Development Agency, which normally assists projects in the city, to ask OCIDA for a 15 - year payment in lieu of taxes on its $ 324 million development of the Syracuse Inner Harbor.

And the tax package crafted last December by the lame - duck Congress included a provision to extend generous cash grants in lieu of tax credits for renewable energy through 2011.

Solar, wind, biomass and hydroelectric power producers want Congress to provide cash payments in lieu of tax credits now available for building renewable energy power plants or producing cleaner energy (see Industry Groups Call for Changes to Federal Incentives).

Managed and completed projects (i.e. drafted the payment in lieu of taxes program for Great Barrington, drafted contracts and technology user agreements).

(He makes payments in lieu of taxes under an arrangement that allows the money to go back into the mall.)

«Public input is important to us, but we hope they stick to the merits of the Pilot [payment in lieu of taxes] proposal that is the subject of our public hearing,» board Chairman Mike Horodyski said on the morning of the hearing at NewPaltzHigh School this Tuesday.

Out and up Artist: Richard Hamilton 1922 - 2011 Date: c.1951 - 2 Classification: on paper, unique Medium: Watercolour on paper Dimensions: unconfirmed: 344 x 486 mm Accepted by HM Government in lieu of tax and allocated to the Tate Gallery 1992 © The estate of Richard Hamilton

Mr. Dunleavy, who has been critical of the proposed zone change in the past, said after the event that he supports the Family Community Life Center, but on the issue of the housing, he said the town needs to get payments in lieu of taxes from the church, because the town is losing $ 500,000 to $ 600,000 per year in tax revenue otherwise.

The development also received a $ 660,000 Suffolk County HOME Loan, a Suffolk County Acquisition and Infrastructure Loan of nearly $ 1.95 million, a $ 150,000 loan from the Village of Patchogue, a $ 250,000 philanthropic loan, and a 30 - year payment in lieu of taxes agreement with the Village of Patchogue.

A «Forever Taxable» Coalition formed to oppose a cap and Payment in Lieu of Taxes system in the Adirondacks and Catskills.

Accepted by the nation in lieu of tax on Freud's estate, this body of work includes emblematic works by one of our finest contemporary painters, including his 1962 scene of London's Leicester Square as a building site, rendered in high - impasto semi-abstract smears of red, orange, ochre and grey.

While the land would remain state property, the developer would have to reach a payment in lieu of taxes with Albany's Industrial Development Authority that could add millions to city coffers.

His two main ideas — to shift from an income tax paid by workers to a payroll tax paid by employers, and to let municipalities set up charitable funds to which taxpayers would make deductible donations in lieu of taxes — are intriguing.

Other changes include allow for growth in budgets without going over the cap, including counting general fund transfers to a capital reserve fund in cap exclusion as well as including payments in lieu of taxes as a factor in tax base growth.

During that meeting, Aiello indicated COR did not plan to seek a payment in lieu of taxes at the Inner Harbor, Miner recalled.

The idea — as with every property in lieu of taxes agreement, or PILOT — was to encourage private development with short - term tax breaks in return for improved property, more jobs and increased traditional tax payments in the long term.

«We are asking for the state, to a minimum, fully fund the payments in lieu of taxes formula that's been on the state books for many, many, years, but has been dramatically underfunded.

PILOT programs call on property - owning tax - exempt institutions to make voluntary contributions in lieu of taxes, to help cover the costs of city services such as police and fire protection, snow removal, and public education.

Each individual with a Social Security number can purchase up to $ 10,000 of them per year, and get an additional $ 5,000 worth in lieu of a tax refund.

British Airways collects a flat fee on its own intra-European flights in lieu of taxes and fuel surcharges.

The best part is that your personal credit history does not factor as heavily into the decision process as it does with a personal card (unless you provide your Social Security Number in lieu of a Tax ID).

Arts Council England announced on Wednesday that it had been accepted into public ownership in lieu of a tax liability.

Colbourne had a long career with the Government of Canada including experience as a senior real estate advisor, regional chief appraiser and most recently regional manager of the Payment in Lieu of Tax Program for Atlantic Canada.

Last week a collection of paintings and drawings by Frank Auerbach belonging to Lucian Freud was bequeathed tot the nation in Lieu of taxes under the AIL scheme.

Talon also said airport land «owned by the state should be used for aviation purposes because aviation businesses have the advantage of not having to pay real estate taxes or PILOT [payment in lieu of taxes] fees,» Talon said.

Accepted by HM Government in lieu of tax and allocated to the Tate Gallery 1999

Payment in lieu of taxes from tax - exempt properties, like Empire State Plaza - Aerial view from the Alfred E. Smith State Office Building of the Empire State Plaza on June 28, 2016 in Albany, N.Y.

As Sheehan had requested, the state aid will be new money and not a «spin - up» of future payments in lieu of taxes on the Empire State Plaza, annual sums the state has been paying to Albany for decades.

Now, a «Forever Taxable» Coalition has been formed to oppose a Payment in Lieu of Taxes system in the Adirondacks and Catskills.

The debate over a long - term Payment In Lieu Of Taxes agreement between the city and town of Plattsburgh has led to the city retaining outside lawyers to investigate.

For example, SUNY Poly pays $ 500,000 a year in lieu of taxes for its facilities in Albany.

«Our understanding of a Pilot [Payment in Lieu of Taxes] is that it is a tool to encourage development in a community that is economically in need, where the particular project is desired and that will create jobs,» he wrote on behalf of the town board.

In Destiny's case, the credit is based mainly on the mall's payments in lieu of taxes under a PILOT agreement with Syracuse.

Entergy has «payment in lieu of taxes» deals with Buchanan, the Hendrick Hudson school district, the city of Peekskill and Westchester County that were expected to amount to about $ 31 million in revenue for those government entities in 2015 and rise annually along with the state property tax cap.

Such a takeover would collectively save the other 57 counties $ 2.3 billion a year, which equates to 41 percent of their collective property tax revenue (including payments in lieu of taxes, or PILOTs).

Because that $ 320 million was something the governor had promised you, in lieu of a tax, which is not built on a promise, but on laws.

The Onondaga County IDA did not require such an agreement in return for a payment in lieu of taxes, or PILOT.

«The major theme for everybody is taxes, and we have to focus on achieving better PILOT funding,» Santangelo said, referring to «payment in lieu of taxes,» a compensation for revenue lost due to tax exempt property.

Modification Request to Proposals dated March 13, 2017 for the Ellis Tract and 2150 Dryden Road Projects Seeking Payment In Lieu of Taxes (PILOT) Agreement for Community Solar Photovoltaic A

City officials claim COR had promised not to seek a payment in lieu of taxes, or PILOT, on the Inner Harbor development.

I will say I think an opportunity for HSBC Center is there is a lot of buildings out in the suburbs who are burning off their PILOTS (payments in lieu of taxes), and their rents will come up dramatically.

Both city councilors had submitted affidavits in January, while the lawsuit was under way, saying they heard COR president Steven Aiello promise in 2012 not to seek a payment in lieu of taxes, or PILOT, for the Inner Harbor development.

Greg Helsmoortel served as town supervisor and was steamrolling through this privately owned proposed tax - payer funded rental project in spite of numerous pleas and petitions to withdraw the town's support as an advocate for state funding and the pilot (payment in lieu of taxes) which would place heavy burdens on Saugerties tax payers.