tax break


Wed March 5, 2014
Politics and Government

Mahoney says Destiny hotel may benefit from new duty-free rules

Mahoney at her State of the County Address Tuesday
Ellen Abbott

The Onondaga County Industrial Development Agency (OCIDA) is getting to work on the latest request from the developer of Destiny USA for a tax break to build a 252-room hotel across the street from the mall.

Onondaga County Executive Joanie Mahoney says OCIDA needs to consider Canadian tourism before granting tax breaks to Destiny. Many of the out-of-town visitors to Destiny are Canadian and, with new duty-free Canadian rules, Mahoney says more visitors are coming to town for more than a day.

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Tue February 19, 2013
The Upstate Economy

Cuomo wants to shift some IDA powers to his regional councils

In Gov. Andrew Cuomo’s proposed budget, the state’s Industrial Development Agencies, or IDAs, would no longer be able to grant state sales tax exemptions for economic development projects. Instead, that authority will go to Cuomo's Regional Economic Development Councils.

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Thu April 19, 2012