BCIDA—Where A Tax Break Can Be ForeverPosted: July 18, 2013
By the IDA rules, a ten or fifteen year tax break can mean forever. The IDA obtained a ten year tax break from the Vestal Town Board for the AIG building in the Vestal Plaza in 1999. At the end ten years, IDA Director, D’Attilio returned to the Vestal Town Board and lobbied successfully for another 10 year extension for the same property now occupied by Nationwide Credit Inc. (NCI). The IDA doesn’t worry about taxes collected and neither does the town board.