Sentences with phrase «property in lieu of taxes»

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.

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.

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).

«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.

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.

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.

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.

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.

A SUNY Poly affiliate already pays $ 500,000 a year to Albany in lieu of property taxes on its facilities at the city's western edge, which are worth billions and host private sector companies conducting research alongside academics.

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.

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.

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.

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 tain 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 tain 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 taIn 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.

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 proposal is merely a stop - gap, in lieu of broader reform of the city's property tax system, which the mayor has promised but has been slow to act on.

They can also offset property taxes through what's known as a PILOT, or Payment In Lieu Of Ttaxes through what's known as a PILOT, or Payment In Lieu Of TaxesTaxes.

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.

A New York Times article yesterday noted that financially - challenged municipalities across the country are calling on land - holding non - profit / tax - exempt organizations to make larger contributions in lieu of property taxes.

Question: How do we receive in lieu of property tax funding for students residing in other districts, but attending our charter school?

In addition, the law limited the combined itemized deduction for state and local property taxes and local income taxes (or sales taxes in lieu of income) to $ 10,000 ($ 5,000 if married filing separatelyIn addition, the law limited the combined itemized deduction for state and local property taxes and local income taxes (or sales taxes in lieu of income) to $ 10,000 ($ 5,000 if married filing separatelyin lieu of income) to $ 10,000 ($ 5,000 if married filing separately).

Borrowers holding a portfolio of underwater investment properties will see their tax bill skyrocket in the event they successfully negotiate a short sale, deed in lieu of foreclosure or forgiveness of deficiency judgment after foreclosure.

You can either pay the tax on the deemed disposition when you file your tax return for the year of emigration or you can opt to post security in lieu of paying tax for any particular property.

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

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.

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.