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: | New York |
| Effected Jurisdiction: | Suffolk County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2022 |
| Program name: | Various PILOT Agreements |
| Program purpose: | General Economic Development |
| Statutory authority: | Article 18-A of the New York State Municipal Law, "New York State Industrial Development Agency Act" |
| Abating jurisdiction(s): | Town of Babylon, New York |
| Applicable taxes: | Property Tax; Sales Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $5,745,563 |
| Reimbursement / offset: | $2,961,424 |
| Net revenue loss: | $2,784,139 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Abated by town Industrial Development Agency (IDA) |
| Document source: | https://www.suffolkcountyny.gov/Portals/2/documents/2022%20ACFR%20FINAL-... |
