Subsidy Tracker Individual Entry

Company: 
Bloomberg Data Center
Parent Company: 
Bloomberg
Subsidy Source: 
local
Location: 
New York
City: 
Orangeburg
County: 
Rockland
Address: 
155 Corporate Dr
Zip: 
10962
Project Description: 

Construction; The exemptions of purchases for a period of 15 years is subject to limitations of the percentage of such purchases that may be made on an exempt basis each year over the terms of the agreement. In addition pursuant to the process prescribed under the NY Statute and regulations governing Sales and Use Tax, the Company will self assess the tax on such amounts of purchases as will be necessary to comply with the applicable Annual Exemption Percentage described above. By making such annual remittances of sales tax the Company shall implement and comply with the permitted Annual Exempt Percentage applicable to each year irrespective of the amount of total purchases made each year, subject only to the $435 million Maximum Total Exempt Purchase Amount.

Year: 
2015
Major Industry of Parent: 
information technology
Specific Industry of Parent: 
information services
Subsidy Value: 
$7,980,595
Program Name: 
Industrial Development Agencies
Awarding Agency: 
Rockland County Industrial Development Agency
Type of Subsidy: 
tax credit/rebate
Notes: 

Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes. See original source for jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.