State Codes and Statutes
Statutes > New-york > Tax > Article-8 > 171-s§ 171-s. Brownfield redevelopment report. A developer, and his or her lessees, as defined in section twenty-two of this chapter, shall submit to the commissioner within one year, and for each of the following eleven years, after the execution of a brownfield site cleanup agreement pursuant to section 27-1409 of the environmental conservation law, a report, in such format as the commissioner may specify. Such report will contain information giving actual amounts, or estimates of such amounts if such actual amounts are unavailable to the developer, of the state and local taxes generated by the corresponding brownfield site as defined in section 27-1405 of the environmental conservation law. The taxes reported are to reflect the taxes generated by the activities of the businesses and employees operating at such brownfield site. The taxes to be reported are any taxes generated pursuant to articles nine, nine-A, eleven, thirteen, twenty-two (including, but not necessarily limited to, all wage or business income taxes raised pursuant to such article twenty-two), twenty-eight, twenty-nine, thirty, thirty-one, thirty-two, thirty-three, thirty-three-A and thirty-three-B. Such annual report from a developer shall also include any taxes generated from a corresponding brownfield site for New York city unincorporated business taxes, New York city business taxes, New York city real property transfer and New York city mortgage taxes. The report shall also include any real property taxes paid on or on behalf of such site.
