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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNew York
Reporting JurisdictionNassau County
Jurisdiction type: County
Fiscal year ending In2019
Program nameVarious PILOT Agreements
Program purpose: Construction/rehabilitation
Statutory authority: Real Property Tax Law, Section 412-a and General Municipal Law, Section 874
Abating jurisdiction(s): Town of Hempstead Industrial Development Agency (IDA)
Applicable taxesReal Estate Property Tax
Method of abatement: Tax abatement (PILOT)
Provisions for recapture: There are provisions for recapture.
Gross revenue loss: $8,352,000
Reimbursement / offset: $0
Net revenue loss: $8,352,000
Type of loss: Passive
Additional notes on dislosureAll individual programs are reported in CAFR. PILOT payments must be remitted to Nassau County.
Document sourcehttps://www.nassaucountyny.gov/4517/Financial-Reports