Information for Projects

When a company or organization enters into an agreement for IDA bonds or straight lease benefits, it is legally defined as a “project.”

New York State General Municipal Law & Related:
Laws of New York State
Authority Budget Office of the State of New York
New York State Temporary Commission on Public Authorities
Office of State Comptroller Report on Industrial Development Agencies, May 2006

New York State Forms for Companies & Organizations That Are Receiving IDA Benefits
ST60 - Appointment of IDA Operator--submitted to NYS Dept. of Taxation when the Agency issues a Sales Tax Exemption Letter
ST 120.1 - Contractor Exempt Purchase Certificate--provided by the project sponsor to its vendors
ST340 - Annual Reporting Form--submitted by project sponsor each year reporting on sales tax exemptions taken in the previous year

Publication-862 - Sales and Use Tax Classifications of Capital Improvements and Repairs to Real Property--sponsors are required to file their jobs with the County's One-Stop Employment Center (www.westchestergov.com/wplwis)

A Business Incentive Rate application, to determine potential for reduced utility rates, may be filed by an organization within 30 days of inducement by the Agency or receipt of benefits from Empire State Development.

Westchester County Industrial Development Agency
Room 903, Michaelian Office Building
148 Martine Avenue
White Plains, NY 10601
Phone:914.995.2916, Fax: 914.995.3044, E-mail mgg8@westchestergov.com