Democrats in the Monroe County Legislature say that they want a review of a state-authorized property tax exemption that benefits various businesses. The exemption doesn’t have a simple name, but is authorized through section 485-b of the state’s property tax laws. Any commercial, industrial, or retail business that invests a minimum of $10,000 into a […]
tax exemptions
Posted inNews & Opinion
Comptroller: Medley created zero jobs in 2011
It’s time to beat on Medley Centre again. The state Comptroller’s Office just released a report on statewide industrial development activity in 2011. The report devotes a fair amount of space to exemptions for retail projects, which it says have increased each year since 2007. Prior to 2008, a provision of state law prohibited IDA’s […]
Posted inNews & Opinion
COMIDA approves I-Square benefits
During its meeting this afternoon, the Monroe County Industrial Development Agency approved tax exemptions for Irondequoit’s I-Square project and for the potential new owners of the Monroe County Sports Centre. COMIDA approved a “custom abatement package” for the $9.9 million I-Square mixed use project, according to a press release from County Executive Maggie Brooks’ office. […]
Posted inNews & Opinion
State releases IDA data
The state Authorities Budget Office says that between 2008 and 2011, the Monroe County Industrial Development Agency awarded approximately $114 million in tax exemptions to businesses. The exemptions covered county property taxes, local sales tax, state sales tax, and mortgage recording taxes. But COMIDA’s total isn’t particularly high when compared to other Upstate metro IDA’s. […]
