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The Orange County Industrial Development Agency (IDA)
  IDA INFRASTRUCTURE LOCAL RESOURCES INVESTORS AGRI-BUSINESS ALLIANCE FOR BALANCED GROWTH
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Industrial Development Agency (IDA)
IDA Mission
It is the mission of the IDA to promote economic development through a program of incentives - based allocations that assist in the construction, equipping and maintenance of specific types of projects and facilities. In general, the IDA works to advance
the health, prosperity
and economic welfare of our County’s citizens
by retaining and
creating jobs and attracting new business.
Tax Exemption
Section 874 of the General Municipal Law provides that IDAs are not required to pay any tax upon "any of the property acquired by it or under its jurisdiction or control or supervision or upon its activities." Consequently, there are three tax benefits associated with an IDA transaction:
 
Real Property Tax Exemptions
 
  • Uniform Tax Exemption Policy
  • 485-b
    Sales and Use Tax Exemptions
    Mortgage Recording Tax Exemptions
       
       
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