Subsidy Tracker Individual Entry
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.
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.