Sentences with phrase «lieu of taxes for»

Miner supported a 30 - year payment in lieu of taxes for the developer of a new Syracuse University bookstore.

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.

Not exact matches

In the past, Tillerson has shown support for a carbon tax in lieu of other regulations.

Ordinarily, cash payments made in lieu of unvested stock awards would trigger an immediate income - tax liability for the recipient.

Such mortgages rely upon reviewing 12 to 24 months worth of deposits to one bank account and a profit and loss statement for your business, in lieu of the traditional two years of tax returns, W - 2s, and payroll checks.

Jefferson, Washington, and the Congress chose to help the industry get back on its feet by what was essentially a tax cut (in lieu of tariffs paid for supplies coming from outside the U.S.) to the owners and workers of the cod fishery on the condition that the ship owners share the tax credits with all the workers.

Possible explanations for these trends: creation of many small growth companies; tax considerations; and, use of stock repurchases in lieu of dividends or dividend increases.

Marriott International said it anticipates the receipt of an IRS private - letter tax ruling in September, confirming that the distribution of shares of Marriott Vacations Worldwide common stock will not result in the recognition, for U.S. federal income tax purposes, of income, gain or loss by Marriott International or Marriott International shareholders, except, in the case of Marriott International shareholders, for cash received in lieu of fractional shares.

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.

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

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.

Gallo, who confirmed the conversation took place, was at the time engaged in an extended legal battle with Aaron over a «payment in lieu of taxes» arrangement for one of Aaron's other Kingston properties.

Several important governmental resolutions mark the transition into 2014, all having to do with the application by Wilmorite Corporation to the Ulster County Industrial Development Agency (UCIDA) for a payment in lieu of taxes (PILOT) agreement.

Wilmorite is seeking to pay 25 cents on the dollar each year for the next 25 years through a Payment in Lieu of Taxes (PILOT) from the Ulster County Industrial Development Agency (UCIDA).

Erie County Legislator Lynne Dixon announces that the Legislature supports a Payment in Lieu of Taxes (PILOT) agreement with the City of Lackawanna and housing agencies to provide housing for low and very low income families.

Albany officials have long complained that more than half of their property is ineligible for taxation, and in the instance of the Harriman Campus, which is valued at over $ 650 million, doesn't pay a payment - in - lieu - of - taxes, or PILOT.

Payments in lieu of taxes granted by the Hempstead Town IDA for the Green Acres Mall and an adjacent shopping center in Valley Stream spurred the school districts» dispute.

Payments in lieu of taxes, or PILOTs, granted by the Hempstead Town Industrial Development Agency for the Green Acres Mall and Green Acres Commons, an adjacent shopping center, in Valley Stream spurred the dispute.

Flanagan said his conference supports «minor» changes to the cap, such as allowing for growth in payment - in - lieu of taxes.

Growth in the tax levy for school districts allows them certain exemptions, including capital expenditures, payment in lieu of taxes and pension growth.

Democratic lawmakers who represent districts outside of New York City (i.e. those impacted by the tax cap) have called for some changes, including ones addressing payments - in - lieu - of - taxes.

Ultimately, lawmakers agreed to modest changes that allowed for growth in areas like payments in lieu of taxes.

This includes over-estimating payments in lieu of taxes ($ 381,000), rental payments ($ 305,000) and interest earnings ($ 426,000); as well as over-expending budget line items for health insurance ($ 944,000), accumulated sick pay and vacation pay ($ 750,000), and workers compensation ($ 415,000).

While she was successful convincing the state to provide $ 12.5 million in new funding this year rather than the typical advance on a payment - in - lieu - of - taxes owed to Albany for the Empire State Plaza being off the tax rolls, it didn't come with the promise of future funding.

Next up for Hubbard: try to convince the Town Board not to approve a PILOT (Payment In Lieu of Taxes) agreement with the developer.

KINGSTON >> The Nevele Casino, Resort and Spa on Wednesday was granted the payment - in - lieu - of - taxes (PILOT) agreement developers were looking for but lost support from an Ulster County legislator who said she felt deceived over the request for tax breaks.

The proposal calls for using payment - in - lieu - of - taxes (PILOT) agreements instead of market value to calculate taxes on land in the Adirondack Park and the Catskills.

The Ulster County Legislature has given county approval to an Industrial Development Agency Pilot (Payment In Lieu of Taxes) agreement for the transfer of ownership of senior - citizen low - income units at Yosman Tower and the Governor Clinton Hotel in Kingston.

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.

A controversial proposal to change how local governments and school districts are compensated for state - owned lands in the Adirondacks and Catskills by utilizing a payment - in - lieu - of - taxes system was not included in the final spending plan, a decision roundly praised by local stakeholders.

The Orange County Industrial Development Agency approved a 20 - year payment - in - lieu - of - taxes agreement for Legoland parent Merlin Entertainments.

The donations began around the time some two years ago when the Rochester - based Wilmorite, a development corporation, filed a request for a payment - in - lieu - of - taxes (Pilot) agreement with the county's Industrial Development Agency.

After more than six months of on - again, off - again discussions, Ulster County's Industrial Development Agency has moved formally to terminate developer Steve Aaron's 2005 Pilot (Payment in Lieu of Taxes) agreement for failure to pay his tTaxes) agreement for failure to pay his taxestaxes.

Shola Olatoye, Mr. de Blasio's NYCHA chairwoman, thanked the mayor for also baselining the $ 70 million the authority formerly paid to the NYPD for protection into his executive budget and for eliminating NYCHA's $ 30 million annual payment in lieu of property taxes.

It's been six weeks since COR Development applied for a payment - in - lieu - of - tax deal from the Onondaga County IDA.

In early 2014, the City of Albany Industrial Development Agency approved a payment - in - lieu of taxes agreement for the hotel and parking garage on Howard Street that will save the company millions by the time the agreement expires in 2031.

But the sale agreement stipulates that the second building and any others built afterward will be subject to 10 - year payment - in - lieu - of - taxes agreements, or PILOTs, similar to those used by the Erie County Industrial Development Agency for regionally significant projects.

In a signed statement to the court last week, Denno said he cast the lone vote against transferring the land to COR precisely because the company refused to rule out applying for a PILOT, or payment in lieu of taxes.

Like the unfair property tax structure that burdens Staten Island homeowners more than elsewhere, as well as the lack of city funding for the Island's private hospitals in lieu of a city - run hospital.

In papers filed in state Supreme Court Friday, COR denied that it pledged not to apply for a payment - in - lieu - of - tax agreement for its construction of hotels, apartments, retail and office space at the former state Barge Canal terminal in the city's lakefront area.

Mr. Bernardo in his UCIDA (Ulster County Industrial Development Agency) application promised 51 full time jobs (26 the first year and 25 the second year) to be maintained over ten years in return for a PILOT program (Payment In Lieu Of Taxes) which meant he avoided paying sales tax and a good amount of property and school taxes for ten years while we taxpayers picked up his taOf Taxes) which meant he avoided paying sales tax and a good amount of property and school taxes for ten years while we taxpayers picked up hisTaxes) which meant he avoided paying sales tax and a good amount of property and school taxes for ten years while we taxpayers picked up his taof property and school taxes for ten years while we taxpayers picked up histaxes for ten years while we taxpayers picked up his tab.

The ECIDA also agreed to extend an existing Payment in Lieu of Taxes (PILOT) arrangement for Building 1 at the River Road site, as an incentive, if the automaker commits to bringing the new V - 6 and V - 8 engine work to the Tonawanda plant.

SKS and SEDC recently submitted an application to Saratoga County IDA for a 10 Year Commercial Services PILOT — a payment in lieu of taxes — as well as sales tax and mortgage tax exemptions to facilitate the move and installation of equipment, machinery, furniture, and fixtures at the site.

This includes charging fees for services, developing PILOT (payments in lieu of taxes) arrangements and reaching voluntary payment arrangements with non-profit groups.

Now COR has turned to the Onondaga County IDA for a proposed 15 - year payment in lieu of taxes to cover an estimated $ 324 million of new development around the harbor.

When we last tuned in to the seemingly endless conflict between New Paltz government and developers seeking to build student housing for the college, the town board had bonded with the village board in opposing any kind of payment in lieu of taxes (Pilot) agreement for the developer.