By Rebecca Martin
The Niagara Bottling Co. project is looking to come to the area taking advantage of the ‘Start-Up NY” initiative (‘Start-Up NY’ helps you start, expand or relocate your qualified business to a tax-free zone in NY State’)
In simple terms, that means that if they were to ever come to Tech City in the Town of Ulster, their taxes would be abated for 10 YEARS. Does that include school tax too?
For if it does, guess which School District Tech City is in, where this proposed project would be built?
The Kingston City School District (see “Existing Community Services C.4 on the attached form).
Our City officials at this time appear to not be familiar with Start-Up NY and how the tax abatements work. From what we can tell right now, taxes abated under Start-Up NY is a State Decision. It would not be a PILOT involving the IDA. We will continue to check that to find evidence to back up what many believe to be the case.
READ the Governer’s Program Bill from 2013.
“100% tax-free (e.g. including no income tax for employees, no sales, property or business tax).