Independence Capital Corp. ( (ICC ) entered into a Stock
Purchase Agreement (the Purchase Agreement ) with
Reliance Standard Life
Insurance Company ( Reliance Standard ) to sell all of the issued and
outstanding capital stock of
Standard Security Life Insurance Company of New
York, an insurance company domiciled in the
State of New York and wholly owned
subsidiary of ICC ( Standard Security ), for an aggregate purchase price of
$180
million in cash. In addition, in accordance with the Purchase Agreement, at
closing, Standard Security will make a dividend to ICC in an amount equal to the
excess of the aggregate statutory capital and surplus of Standard Security as of
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Effective March 12, 2021, until December 31, 2022, employees in
New York State are eligible for a paid leave of absence for a
sufficient period of time, not to exceed four hours per injection,
to be vaccinated for COVID-19. This new Labor Law provision,
codified at Section 196-C of
the New York Labor Law, was signed by Governor Andrew Cuomo on
March 12, 2021, and is applicable to all employers in New York
State, including any person, corporation, limited liability company
or association employing any individual in any occupation,
industry, trade, business or service. Public employers, including
Construction on Herkimer County Jail completed
Now that construction of the Herkimer County Jail is finished, taxpayers should start to see a reduction of costs.
Posted: Apr 7, 2021 5:51 PM
Posted By: Kirk Tupaj
Herkimer County officials cut a red ribbon to commemorate the completion of the construction phase of the Herkimer County Jail, but they’ll be cutting a good deal of red tape that plagued the old jail. Herkimer County Legislative Chairman Vincent Buono explains. It just makes sense because of the close proximity to the courts, the county building, and there’s a lot of departments that play into the sheriff’s department and corrections. Whether it be social services, mental health, public health, probation, the D.A., the courts within a half a mile they’re at those offices.
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For the renewable energy industry, the focus this New York budget season has been on the potential adoption of a defined methodology for real property taxation of wind and solar projects, hopefully bringing some uniformity and certainty to project valuation. Anticipating that effort, last year, the Legislature created an annual reporting requirement for electric-generating facilities. As of January 1, 2020, owners of single electric-generating facilities or multiple electric-generating facilities located on the same New York site with nameplate capacity of one megawatt or greater must file an Annual Report, formally known as Form RP-575, with the State Department of Taxation and Finance Office of Real Property Tax Services (ORPTS).[1] Last year, due to the onset of the COVID-19 pandemic, the deadline to submit the report was extended from April 30 to June 30. This year, however, ORPTS confirmed by telephone that th