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: | Suffolk County |
Jurisdiction type: | County |
Fiscal year ending In: | 2020 |
Program name: | Various PILOT Agreements |
Program purpose: | General Economic Development |
Statutory authority: | Section 485b of the NYS Real Property Tax Law |
Abating jurisdiction(s): | Suffolk County, New York |
Applicable taxes: | Property Tax; Sales Tax |
Method of abatement: | Tax Abatement |
Provisions for recapture: | SCIDA projects receiving property tax relief are subject to recapture of benefits in the case of: sale or closure of the facility, significant change in use of the facility, significant employment reductions, or failure to comply with terms of the abatement agreement. |
Gross revenue loss: | $1,926,359 |
Reimbursement / offset: | $2,845,685 |
Net revenue loss: | $0 |
Type of loss: | Active |
Additional notes on dislosure: | Abated by county Industrial Development Agency (SCIDA) |