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Partnering, Investing, Creating
Incentives the IDA offers:
• Real Estate Tax Abatements for qualified companies and projects.
• Sales and Use Tax Abatements for exemption on state and county sales tax
on materials and equipment included in a project.
• Mortgage Recording Tax Abatement if a mortgage is used to finance the project.
How to qualify for incentives:
• The project site is within the geographical boundaries of the Town of Babylon.
• The project costs are one million dollars or more
(this includes the cost of building acquisition).
• The project is manufacturing or industrial use, workforce housing
or a designated tourist destination.
• The project will create new job opportunities or retain existing jobs.
Babylon IDA
47 West Main Street - Suite 3
Babylon, NY 11702
Tel: 631-587-3679
www.babylonida.org
info@babylonida.org
/www.babylonida.org
link
