News & Events

Suffolk IDA creates Uniform Tax Exempt Policy

The Suffolk County Industrial Development Agency adopted a new policy Thursday that allows it to provide greater benefits to companies with significant growth plans.

The Uniform Tax Exempt Policy provides larger property tax reductions, sales tax exemptions and exemptions from the Mortgage Recoding Tax. Eligibility for these benefits will be evaluated on a case-by-case basis.  Priority will be given to those projects deemed significantly important to Suffolk County that incorporate affordable housing components, are located within former Empire Zones or create or retain more than 500 jobs.