Suffolk Offers Sandy Tax Relief
The Industrial Development Agency is also pushing a program designed to get small businesses rolling again.
By David Reich-Hale (Editor),
Suffolk County has rolled out an emergency sales tax relief program in the wake of Sandy that it said would ease the costs of reconstructing the county's small businesses.
The program provides relief from state and local sales tax on building materials such as windows, sheet rock, flooring and electrical as well as on equipment a business needs to replace items damaged by the storm.
In a statement, County Executive Steve Bellone said "this program will provide immediate relief for our businesses to rebuild."
The Suffolk County Industrial Development Agency has also streamlined its programs to help get businesses back to normal as quickly as possible, said Anthony Manetta, the IDA's executive director.
The new IDA program will provide sales tax relief for purchase of building materials and for the repurchase of equipment of up to $100,000 in purchase costs. There will be 200 businesses eligible for the program. A business must have 50 or fewer full-time employees to participate.
Also, if a small business owner takes advantage of the IDA's relief program, the agency will facilitate discussions between them and the Town they operate in.
"Partnering with the Towns gives an added level of support to the local business owners in need of help," Manetta stated. "They could have a question on permitting, or where to access certain Town specific forms."
Small business owners who have had their place of business damaged by Sandy should fill out a relief form at www.SuffolkIDA.org. Questions should be directed to 631-853-4802.
http://deerpark-northbabylon.patch.com/groups/business-news/p/suffolk-offers-sandy-tax-relief
The program provides relief from state and local sales tax on building materials such as windows, sheet rock, flooring and electrical as well as on equipment a business needs to replace items damaged by the storm.
In a statement, County Executive Steve Bellone said "this program will provide immediate relief for our businesses to rebuild."
The Suffolk County Industrial Development Agency has also streamlined its programs to help get businesses back to normal as quickly as possible, said Anthony Manetta, the IDA's executive director.
The new IDA program will provide sales tax relief for purchase of building materials and for the repurchase of equipment of up to $100,000 in purchase costs. There will be 200 businesses eligible for the program. A business must have 50 or fewer full-time employees to participate.
Also, if a small business owner takes advantage of the IDA's relief program, the agency will facilitate discussions between them and the Town they operate in.
"Partnering with the Towns gives an added level of support to the local business owners in need of help," Manetta stated. "They could have a question on permitting, or where to access certain Town specific forms."
Small business owners who have had their place of business damaged by Sandy should fill out a relief form at www.SuffolkIDA.org. Questions should be directed to 631-853-4802.
http://deerpark-northbabylon.patch.com/groups/business-news/p/suffolk-offers-sandy-tax-relief
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