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.
| State or Territory: | New York |
| Effected Jurisdiction: | New York |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | Industrial Development Agencies (IDAs) |
| Program purpose: | Industrial development |
| Statutory authority: | State Tax Law: Article 28, Section 1116(a)(1) |
| Abating jurisdiction(s): | State of New York |
| Applicable taxes: | Sales and Use Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $88,000,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $88,000,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.osc.state.ny.us/reports/finance |
