PILOT Incentive Programs
PILOT (Payment In Lieu Of Tax) incentive programs are agreements between COMIDA and the qualified company to make tax payments at a reduced rate over time to affected taxing jurisdictions where a project is located.
JobsPlus
Tax abatement program which abates property taxes on a sliding scale over a 10 year period in return for a 10% increase in jobs created over a 3 year period.
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Tax abatement program which abates property taxes on a sliding scale over a 10 year period. To qualify for this program, investment must be at least $15 Million and 100 new jobs must be created.
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Tax abatement program which abates property taxes for projects for use by a college or university, or medical related facility in which a 501(c)(3) leases from a for-profit entity.
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Tax abatement program which abates property taxes on a sliding scale over a 14 year period in return for a 10% increase in jobs, provided the building meets LEED certification.
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Tax abatement program for low income or student housing in which PILOT payments are determined using a formula of gross rents collected less utilities times 10%.
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