Elmira/Corning Regional Airport

Stueben Co. Tax Program

Today Governor Andrew Cuomo signed legislation that would establish a tax ABATEMENT program in Stueben County to help spur investment and revitalization of commercial and residential properties.

Stueben Co. Tax Program
 

August 22, 2012

Steuben County (WENY) - Today Governor Andrew Cuomo signed legislation that would establish a tax ABATEMENT program in Stueben County to help spur investment and revitalization of commercial and residential properties. Under the new program renovated properties would be exempt from real property tax increases for twelve years on a sliding-scale basis. State Legislator Phil Palmesano says abatement are a proven technique for local governments to attract investors and encourage the revitalization of buildings and homes.

     In this type of economy we're facing we need to provide every tool available to our local governments and communities to spur economic development and investment and this seems like a good idea that we can increase that type of activity right here in Steuben County.

     The Steuben County tax abatement program is patterned after a similar program in Livingston County , which has proven successful.