Tax Incentives

The ECIDA has incentive programs that reduce taxes and improve the bottom line (reducing expansion costs up to 15 percent for eligible targeted companies). The ECIDA's standard payment in lieu of taxes (PILOT) policy provides a major savings through abatement of real property taxes on the value added by new construction or renovation. Exemptions from sales tax on construction materials and non production equipment along with a mortgage recording tax exemption can represent substantial value in relation to total project costs.

Eligible projects typically include acquisition, construction and/or substantial renovation of facilities for manufacturing, assembly, processing, product research and development, offices, and warehousing. Please see our Countywide Industrial Development Agency Uniform Tax Exemption Policy (UTEP) for more detail on eligibility. We also encourage you to contact our business development team to see what we can do for you, or get started by filling out our application.

Try our Benefits Estimator to see how or incentives can help grow your business!

	7 year	10 year	10 year enhanced
Amounts	Generally over $500,000 to be economical	Generally over $500,000 to be economical	Generally over $500,000 to be economical
Terms Available	7 year property tax abatement 1 year sales tax abatement One time mortgage recording tax exemption	10 year property tax abatement 1 year sales tax abatement One time mortgage recording tax exemption	10 year property tax abatement 1 year sales tax abatement One time mortgage recording tax exemption
Term Basis	A project scoring system is used to determine the term of the incentive. The scoring system is based upon the following factors: project location, cluster industry, economic impact, facility (LEED) certification and innovation in operations. See Incentive Worksheet for details.
Benefit	7 year reduction on property tax, school tax, County tax and municipal tax (see PILOT schedule) Exemption of 8.75% sales tax on non production equipment and construction materials 1% exemption on amount of mortgage financed	10 year reduction on property tax, school tax, County tax and municipal tax (see PILOT schedule) Exemption of 8.75% sales tax on non production equipment and construction materials 1% exemption on amount of mortgage financed	10 year reduction on property tax, school tax, County tax and municipal tax (see PILOT schedule) Exemption of 8.75% sales tax on non production equipment and construction materials 1% exemption on amount of mortgage financed
Required Approval	30 day Public Notice and Public Hearing, ECIDA Board Approval, SEQRA requirements	30 day Public Notice and Public Hearing, ECIDA Board Approval, SEQRA requirements	30 day Public Notice and Public Hearing, ECIDA Board Approval, SEQRA requirements
Fees	$1,000 application and publication fee 1.25% agency fee amount of project amount Counsel legal fees and disbursements	$1,000 application and publication fee 1.25% agency fee amount of project amount Counsel legal fees and disbursements	$1,000 application and publication fee 1.25% agency fee amount of project amount Counsel legal fees and disbursements

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