Sentences with phrase «payments in lieu of»

We assist clients in securing tax exemptions and abatements and in negotiating and drafting payments in lieu of taxes (PILOT), including those secured by bond financing.

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.

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 - 13.

Payments in lieu of notice (PILON) have always been a «grey area» when negotiating settlement packages.

284 (1) The Minister of Finance may make regulations governing the distribution of payments in lieu of taxes received by the City.

It is submitted that cases, as here, involving financial payments in lieu of competition do not easily lend themselves to the application of a conventional non-competition analysis since the key factor — the monetary amount — has to be implicitly used through circular reasoning.

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.

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

The grant option is designed to provide direct payments in lieu of the 30 - percent federal renewable energy tax credit.

Not mentioned in the article but cited on PNMís web site are the alleged economic benefits to New Mexico including, annually, $ 450,000 in payments in lieu of taxes, $ 550,000 in land rental payments, and $ 500,000 in compensation for 12 employees who will operate the «wind farm» when completed.

Wind power has created too many benefits for western Kansas, as a $ 7 billion investment pays out $ 16 million in lease payments to farmers each year and more than $ 13 million in payments in lieu of taxes (PILOT), according to Polsinelli, a Kansas City law firm.

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).

Entergy's previously agreed upon payments in lieu of taxes (PILOTs) to local government entities and school districts will continue through 2021, before being gradually stepped down at a negotiated level following shutdown.

Creditors may also accept partial payments in lieu of the full amounts.

The TIFIA loan is secured by Payments in Lieu of Taxes (PILOT), generated by the commercial development within the building.

«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.

Nine Mile Point makes nearly $ 24 million a year in payments in lieu of taxes.

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

Espada and Diaz will both get $ 12,500 lu - lus (payments in lieu of salary) in addition to their $ 79,500 salaries for heading their committees.

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.

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.

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.

Carmarthenshire's Mark James and Pembrokeshire's Bryn Parry Jones had been given cash payments in lieu of employer pension contributions.

This is not normally the way payments in lieu of taxes, or PILOTs, work.

Pembrokeshire's Bryn Parry Jones and Carmarthenshire's Mark James had been given cash payments in lieu of employer pension contributions.

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.

During that same period, the company would make $ 3.36 million in payments in lieu of taxes to the county, the town of Van Buren and the Baldwinsville Central School District.

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).

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

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.

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.

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.

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

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.

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

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).

Termination with cause is a harsher measure, often referred to as the «capital punishment of employment law» and means employees aren't entitled to any notice or payment in lieu of notice.

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.

Lulus, once shorthand for payment in lieu of salary, now refer to prized bonuses attached to leadership duties or top committee posts.

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

Most «egregiously» — at least, according to Bronx Councilman Ritchie Torres, chairman of the Committee on Public Housing — the city assesses NYCHA a payment in lieu of property taxes on its buildings that exceeds $ 30 million each year.

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.

«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.

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.

In a December lawsuit accusing COR of fraud, Syracuse officials asserted that Aiello promised city officials during both public and private meetings that the company would not seek a payment in lieu of taxes, or PILOT, at the Inner Harbor.

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).