Sentences with phrase «lieu of taxes with»

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.

Not exact matches

«Some states with high property taxes, like New Hampshire and Texas, rely heavily on property taxes in lieu of other major tax categories; others, like New Jersey and Illinois, impose high property taxes alongside high rates in the other major tax categories,» Walczak explains.

Combined with other proposed tax law changes, many more taxpayers will be claiming the standard deduction in lieu of itemizing deductions.

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.

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.

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.

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.

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.

The capital city in recent years has depended on a series of «spin - ups,» or advances, on the payment - in - lieu - of - tax agreements it maintains with the state to close budget gaps.

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.

Walsh, on the city's behalf, helped negotiate a 14 - year payment - in - lieu - of - tax agreement, also called a PILOT, with Riley's team, the developer said.

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.

She also said the city is working with large tax - exempt organizations like the colleges and medicals centers in Albany to work out voluntary payments in lieu of the property taxes they do not pay.

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

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.

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.

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.

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.

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.

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.

With these programs, in lieu of traditional pay stubs, and tax returns, lenders use the deposits on your bank statements as qualifying income.

You also need to consider that this $ 30 is in lieu of sitting down face - to - face with a tax prep specialist, who will charge much more than $ 30 for their time.

The acceptance in lieu scheme was created in David Lloyd George's people's budget of 1910, with hundreds of outstanding objects and collections given as a way of settling tax bills.

Conversation with Magic Stones Artist: Dame Barbara Hepworth 1903 - 1975 Date: 1973 Classification: sculpture Medium: Bronze Dimensions: object: 2692 x 635 x 457 mm Accepted by HM Government in lieu of tax and allocated to the Tate Gallery 1984 © Bowness

Seated Woman with Clasped Hands Artist: Dame Barbara Hepworth 1903 - 1975 Date: 1949 Classification: on paper, unique Medium: Oil paint and graphite on paper Dimensions: unconfirmed: 470 x 355 mm Accepted by HM Government in lieu of inheritance tax 2010 and allocated to Tate 2012 © Bowness

In addition, projects starting construction before the end of 2011 may elect to receive an equivalent - value cash grant in lieu of the ITC (known as a 1603 Grant after its ARRA section number), thus mitigating the need for investors with sufficient tax burdens to be offset by the ITC.

For the moment — because he had to — because his coup would otherwise not have worked — Turnbull has acceded to the conditions of the National Party that's in coalition with Tony Abbott's Liberal Party — the Nationals» conditions being that he would undertake to keep the Abbott / Nationals climate policy of direct action in lieu of Turnbull's preferred carbon tax / ETS --- in place.

• Eliminate the dividend withholding tax in its entirety if it can be circumvented so easily • Source dividend - equivalent payments by reference to the source of the dividend income on the underlier (e.g., similar to sourcing rules for in - lieu of dividend payments made in connection with securities loans)-- cascading withholding taxes — multiple derivatives can be entered into on same share of stock — would change shift dealer activity (and its tax revenues) to London?

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

And even if the current property owners are happy with the restrictions - in - lieu - of - taxes tradeoff, I can't help but wonder if they have given any thought to moving - out day.

You can probably even use those statements in lieu of the receipts, but check with the IRS first, says tax attorney Sandy Botkin.

mezzanine lenders, and representation of the senior lenders in connection with intercreditor arrangements with the trustee under a $ 800 million payment - in - lieu - of - taxes (PILOT) bond financing.

So you would owe income taxes on the amount forgiven with a deed in lieu of foreclosure.