J-51 Benefits definition

J-51 Benefits means any tax benefits pursuant to Section 489 of the Real Property Tax Law which are in effect on the Effective Date.
J-51 Benefits means any tax benefits pursuant to the J-51 Program that are granted for eligible work performed at the Exemption Area on or after October 1, 2016.
J-51 Benefits means any tax benefits pursuant to the J-51 Program where the eligible work has commenced and the application for such J-51 Benefits has been filed in tax year 2024/25 or thereafter.

Examples of J-51 Benefits in a sentence

  • Notwithstanding the foregoing, the J-51 Benefits shall remain in effect.JULISSA FERRERAS-COPELAND, Chairperson; YDANIS A.

  • Notwithstanding the foregoing, (a) nothing herein shall prohibit the granting of any real property tax abatement pursuant to Sections 467-b or 467-c of the Real Property Tax Law to real property occupied by senior citizens or persons with disabilities, and (b) the J-51 Benefits shall remain in effect, but the Exemption shall be reduced by the amount of such J-51 Benefits.JUSTIN L.

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  • Notwithstanding the foregoing, (a) nothing herein shall prohibit the granting of any real property tax abatement pursuant to Sections 467-b or 467-c of the Real Property Tax Law to real property occupied by senior citizens or persons with disabilities, and (b) the J-51 Benefits shall remain in effect, but the Exemption shall be reduced by the amount of such J-51 Benefits.DANIEL DROMM, Chairperson; KAREN KOSLOWITZ, JAMES G.

  • Notwithstanding the foregoing, (a) nothing herein shall prohibit the granting of any real property tax abatement pursuant to Sections 467-b or 467-c of the Real Property Tax Law to real property occupied by senior citizens or persons with disabilities, and (b) the J-51 Benefits shall remain in effect, but the Exemption shall be reduced by the amount of such J-51 Benefits.DANIEL DROMM, Chairperson; KAREN KOSLOWITZ, ROBERT E.

  • Notwithstanding the foregoing, the J-51 Benefits shall remain in effect, but the Exemption shall be reduced by the amount of the J-51 Benefits.DAVID G.

  • Notwithstanding the foregoing, (a) nothing herein shall prohibit the granting of any real property tax abatement pursuant to Sections 467-b or 467-c of the Real Property Tax Law to real property occupied by senior citizens or persons with disabilities, and(b) the J-51 Benefits shall remain in effect, but the Exemption shall be reduced by the amount of such J-51 Benefits.

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  • Notwithstanding the foregoing, (a) nothing herein shall prohibit the granting of any real property tax abatement pursuant to Sections 467-b or 467-c of the Real Property Tax Law to real property occupied by senior citizens or persons with disabilities, and(b) the J-51 Benefits shall remain in effect, but the New Exemption shall be reduced by the amount of such J-51 Benefits.DANIEL DROMM, Chairperson; JAMES VAN BRAMER, ROBERT E.

  • Notwithstanding the preceding sentence, the concurrent J-51 Benefits shall remain in effect, but the New Exemption shall be reduced by the amount of such J-51 Benefits as provided herein.


More Definitions of J-51 Benefits

J-51 Benefits means any tax benefits pursuant to Section 489 of the Real Property Tax Law.
J-51 Benefits means the exemption from and/or abatement of real property taxation pursuant to Section 489 of the Real Property Tax Law currently received by a portion of the Exemption Area.

Related to J-51 Benefits

  • Severance Benefits means the payment of severance compensation as provided in Section 3.3 herein.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Benefits as defined in Section 3.1(b).