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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
Effected JurisdictionNew York
Jurisdiction type: State
Fiscal year ending In2022
Program nameIndustrial Development Agencies (IDAs)
Program purpose: General Economic Development
Statutory authority: State tax law: Article 28, Section 1116(a)(1); General Municipal Law: Article 18-A
Abating jurisdiction(s): State of New York
Applicable taxesSales and Use Tax
Method of abatement: Tax Exemption
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $85,000,000
Reimbursement / offset: $0
Net revenue loss: $85,000,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.osc.state.ny.us/files/reports/finance/pdf/annual-comprehensi...