Sentences with phrase «lieu of taxes from»

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.

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.

Not exact matches

This includes revenues from volume - based taxes such as Gasoline Tax, Fuel Tax, Tobacco Tax, and Beer and Wine Tax, as well as other taxes such as Electricity Payments - In - Lieu of Taxes and Miningtaxes such as Gasoline Tax, Fuel Tax, Tobacco Tax, and Beer and Wine Tax, as well as other taxes such as Electricity Payments - In - Lieu of Taxes and Miningtaxes such as Electricity Payments - In - Lieu of Taxes and MiningTaxes and Mining Tax.

While both deed in lieu agreements and short sales represent alternatives to foreclosure, neither will spare you from a lower credit score, the possibility of a deficiency judgment, or an increase in your taxes.

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.

But, in most countries, gifts and inheritances are exempt from taxation as income and a gift or inheritance or estate tax is a tax in lieu of an income tax that is designed to impose less of an administrative burden than treating gifts and inheritances as income would.

«This funding will be available to give relief to the city, school district and Chautauqua County and their taxpayers who would be severely hurt by the loss of the payment - in - lieu - of - taxes (PILOT) from the NRG power plant,» Young said.

As interest in collecting payments in lieu of taxes — also known as PILOTs — from charitable non-profits is likely to increase, a new...

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).

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.

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 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.

The Town of Cortlandt, Village of Buchanan and the Hendrick Hudson School District are expected to lose $ 32 million in payment in lieu of tax payments from Entergy, including $ 4 million to Westchester County.

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

A 1986 agreement involving the state, City Hall and the city controller guaranteed that the hefty surplus generated from ground leases and payments in lieu of taxes would go toward affordable housing and other capital needs in the city.

According to payment - in - lieu - of - tax agreements with the developer, the city will receive no property taxes from Carousel Center mall or the Destiny expansion for 30 years, said Bill Ryan, the mayor's chief of staff and the chairman of SIDA.

As has been the case in several similar aid infusions to New York's capital city in recent years, the aid will come in the form of a «spin - up» of the state's annual Payment in Lieu of Taxes (PILOT), an annual sum intended to cover the Empire State Plaza's absence from the local tax rolls.

The road ahead is far from certain though: Many councilors still have serious issues with a request from a private developer for a 30 - year payment - in - lieu - of - taxes (PILOT) deal to build a complex that it would then rent out to the university.

Based on Synapse's commitment to earn the highest rating from the U.S. Green Building Council, the project was entitled to the same tax break given other projects under the city's «green» payment in lieu of taxes program.

That was the ruling Wednesday from New York State Supreme Court Justice James Murphy after the city sued COR for the $ 44 - million PILOT (payment - in - lieu - of - taxes) agreement it signed with the Onondaga County Industrial Development Agency.

Gren will receive a Payment in Lieu of Tax (PILOT) Agreement from the County of Chautauqua Industrial Development Agency (CCIDA).

While both deed in lieu agreements and short sales represent alternatives to foreclosure, neither will spare you from a lower credit score, the possibility of a deficiency judgment, or an increase in your taxes.

Now, this was a critically important piece of legislation that shielded homeowners from any tax liability arising from forgiven debt following a short sale, deed in lieu or foreclosure.

In mid-December, Congress retroactively reinstated many so - called tax extenders, including the ability to make charitable contributions from individual retirement accounts in lieu of required minimum distributions and the option to deduct state and local sales taxes.

If a fund holds Build America Bonds, the fund may be eligible to receive a federal income tax credit; however, the issuer of a Build America Bond may instead elect to receive a cash payment directly from the federal government in lieu of holders such as the fund receiving a tax credit.

-- Lucian Freud 1992: A recently discovered unfinished self - portrait of Lucian Freud (1922 - 2011) has been accepted in lieu of inheritance tax from the -LSB-...]

The work, which is expected to become a star - attraction, has been accepted in lieu of inheritance tax from the estate of the artist, -LSB-...]

The portrait was received from the estate of the artist in lieu of inheritance tax, joining the archive of Freud's drawings, sketchbooks and letters, which were also given to the gallery under the scheme in 2015.

Accepted by HM Government in Lieu of Inheritance Tax from the estate of Stephen Brod and allocated to Pallant House Gallery 2016

This collection has been accepted from the artist's estate by H M Government in lieu of inheritance tax and allocated to the British Museum.

Clients also benefit from our experience negotiating minimized realty transfer fees in transactions and payment in lieu of taxes (PILOT) agreements in redevelopment projects.

Notable mandates: Represented Halifax Regional Municipality in its 10 - year battle with the federal government over the under - estimation of the value of Citadel Hill pursuant to the Payments in Lieu of Taxes Act; represented the province of Nova Scotia in the purchase of Bowater Mersey Paper Co. Ltd., and on the NewPage Corp. matter; advised Husky Energy on its South White Rose Extension project; acted for Emera Inc. on the development and transmission of hydroelectric power from Muskrat Falls; acted for Dexter to formulate a 3P bid to complete the twinning of the Saint John to St. Stephen divided highway, and provided legal advice when it won the contract; provided all legal services to establish title to Loblaw Co. Ltd. properties throughout Atlantic Canada as part of the establishment of a proposed REIT; engaged by TransCanada Corp. as local counsel on the Energy East Pipeline Project

From 6 April, any payment in lieu of notice will always be subject to tax and national insurance deductions.

This is in contrast to the current position, where payments in lieu of notice (PILONs) on termination of employment benefit from the # 30,000 income tax exemption if the employer does not have a contractual right to pay in lieu of notice.

Clients appreciate senior tax manager Lieu Phan Thi: «Her tax intelligence is exceptional, both from statutory / legislative and financial implication point of view.»

Administrative law — Judicial review — Municipal law — Taxation — Real property tax — Payments made by Federal Crown in lieu of real property tax — Assessed value of Halifax Citadel — Whether the Federal Court of Appeal erred in holding that the Minister is unconstrained by the assessed value of the property determined by the assessment authority in determining the property value of a federal property for purposes of the PILT Act — Whether the Federal Court of Appeal erred in holding that the Minister acted reasonably in determining the property value of the Halifax Citadel lands (adopting the determination of the Dispute Advisory Panel appointed under the Act), and in particular in valuing the portion of the lands upon which are located improvements which are exempt from payments in lieu of taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M -lieu of real property tax — Assessed value of Halifax Citadel — Whether the Federal Court of Appeal erred in holding that the Minister is unconstrained by the assessed value of the property determined by the assessment authority in determining the property value of a federal property for purposes of the PILT Act — Whether the Federal Court of Appeal erred in holding that the Minister acted reasonably in determining the property value of the Halifax Citadel lands (adopting the determination of the Dispute Advisory Panel appointed under the Act), and in particular in valuing the portion of the lands upon which are located improvements which are exempt from payments in lieu of taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M -lieu of taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M taxes, representing 47 of 49 acres of the site, at $ 10 — Whether the Court should consider the present case as it raises similar issues as Montréal (City) v. Montréal Port Authority 2010 SCC 14, [2010] 1 S.C.R. 427, but from the perspective of assessed value — Payments in Lieu of Taxes Act, R.S.C. 1985, c. M -Lieu of Taxes Act, R.S.C. 1985, c. M Taxes Act, R.S.C. 1985, c. M - 13.

From 06 April this year, the way that termination payments (and in particular payments in lieu of notice) are treated for tax purposes will change.

Although it might seem like a smart plan from a tax perspective, it is not wise for a business owner to pay additional spousal maintenance in lieu of buying out their spouse's interest in a family business.

«What was surprising is that the Budget has deemed that all pay in lieu of notice payments (contractual or not) will be taxable from the same date (previously non contractual payments were tax free).

Here are a few themes that sum up the impact of budget on the insurance sector: Increase In Tax Benefit: In lieu of extending benefits to middle - class taxpayers, the FM increased the limit of deduction against health insurance premium from Rs 15,000 to Rs 25,000.

Under the current provisions, any payment from an approved superannuation fund that is made to an employee in lieu of / in commutation of an annuity, after a specified age, on retirement, or on becoming incapacitated prior to such retirement - is exempted from tax.

When utilized by our partners, taking back operating partnership units in lieu of cash can result in tax deferred gains and recapture, liquidity through the convertibility of the units to common stock, increased diversification from our broad portfolio of stabilized assets, and the potential for additional upside from our other development projects and acquisitions.