Get the free Payment-in-lieu-of-tax Agreement

This document outlines the Payment-in-Lieu-of-Tax (PILOT) Agreement between HSRE-EB Holtsville, LLC and the Town of Brookhaven Industrial Development Agency, effective August 1, 2015. The agreement provides terms under which HSRE-EB Holtsville, LLC will make payments in lieu of real estate taxes and assessments on an assisted living facility being developed at 2000 North Ocean Avenue, Farmingville, New York.

How to fill out payment-in-lieu-of-tax agreement

How to fill out payment-in-lieu-of-tax agreement

1. Gather necessary documents including property tax information and identification.
2. Review the payment-in-lieu-of-tax agreement form to understand all required sections.
3. Fill out personal and business information in the designated fields.
4. Specify the amount you are proposing to pay in lieu of the taxes owed.
5. Provide a detailed explanation justifying the request for the payment-in-lieu-of-tax agreement.
6. Attach any supporting documents that might help your case.
7. Review the completed form for accuracy.
8. Submit the form to the appropriate local government authority.

Who needs payment-in-lieu-of-tax agreement?

1. Nonprofit organizations seeking tax relief.
2. Developers of affordable housing projects.
3. Businesses looking to secure incentives from local governments.
4. Municipalities negotiating tax agreements for economic development.

For pdfFiller’s FAQs

How can I send payment-in-lieu-of-tax agreement to be eSigned by others?

When you're ready to share your payment-in-lieu-of-tax agreement, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

Can I sign the payment-in-lieu-of-tax agreement electronically in Chrome?

As a PDF editor and form builder, pdfFiller has a lot of features. It also has a powerful e-signature tool that you can add to your Chrome browser. With our extension, you can type, draw, or take a picture of your signature with your webcam to make your legally-binding eSignature. Choose how you want to sign your payment-in-lieu-of-tax agreement and you'll be done in minutes.

Can I edit payment-in-lieu-of-tax agreement on an iOS device?

Create, edit, and share payment-in-lieu-of-tax agreement from your iOS smartphone with the pdfFiller mobile app. Installing it from the Apple Store takes only a few seconds. You may take advantage of a free trial and select a subscription that meets your needs.

What is payment-in-lieu-of-tax agreement?

A payment-in-lieu-of-tax (PILOT) agreement is a financial arrangement between a property owner and a local government where the property owner compensates the government in a predetermined amount instead of paying traditional property taxes.

Who is required to file payment-in-lieu-of-tax agreement?

Property owners or businesses that have entered into a PILOT agreement with local authorities or governments are required to file the agreement.

How to fill out payment-in-lieu-of-tax agreement?

To fill out a PILOT agreement, you must provide your business or property information, details of the agreement terms, the amount of payment, and signatures from both parties involved.

What is the purpose of payment-in-lieu-of-tax agreement?

The purpose of a PILOT agreement is to provide tax relief to property owners while ensuring local governments receive some form of revenue to fund services and infrastructure.

What information must be reported on payment-in-lieu-of-tax agreement?

The agreement must report the names of the parties involved, the property details, the payment amount, terms of the agreement, and duration of the PILOT.