IDA Executive Director Shawna M. Papale said the firm is seeking "standard" incentives available through her agency. She identified them as relief from sales tax and mortgage recording tax and a payment-in-lieu-of-taxes package.
The mortgage recording tax in the county is 1 percent. That means, for example, on an IDA-backed project involving a $1.5 million mortgage, the exemption would save the business $15,000.
Eligible firms can save the sales tax on materials and equipment purchased during the project construction period with approval from the IDA. The sales tax in the county is 8.75 percent, consisting of 4 percent state sales tax and 4.75 percent county sales tax.
How about everyone else? Did you get similar tax breaks from the county when you built your business, or your home, or when you had a loss? Why is this the taxpayers' responsibility? Or is this simply an admission that taxes have gotten SO out of hand that the tax burden crushes entrepreneurship?
One gets the impression that in Oneida County if you are big enough, important enough, or connected enough, you can count on government to help you dip your ladle into the bottomless taxpayers' pot.
Everybody else? "Let them eat cake."