Dealertrack to repay $4.8 million in tax breaks for failing to create jobs in North Hills
The IDA assistance consisted of a sales-tax exemption of up to $5.7 million on the purchase of construction materials, furnishings and equipment, up to $1 million off the mortgage-recording tax and 19 years of property tax savings. In addition, New York State provided $10.5 million in payroll tax credits, a $1.5 million grant and an allocation of low-cost electricity.
“Dealertrack was seriously leaving. … They were going,” former IDA executive director Joseph J. Kearney told Newsday in 2014.