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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 JurisdictionNassau County
Jurisdiction type: County
Fiscal year ending In2022
Program nameVarious PILOT Agreements
Program purpose: General Economic Development
Statutory authority: Real Property Tax Law, Section 412-a and General Municipal Law, Section 874
Abating jurisdiction(s): Glen Cove Industrial Development Agency (IDA)
Applicable taxesReal Estate Property Tax; Sales Tax
Method of abatement: Tax abatement (PILOT)
Provisions for recapture: There are provisions for recapture.
Gross revenue loss: $703,000
Reimbursement / offset: $203,000
Net revenue loss: $500,000
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/DocumentCenter/View/41191/Nassau-County-2...