This program provides state tax exemptions on expenditures for build-out costs for eligible leases. Build-out costs are defined as property purchased by tenant or landlord for improving commercial premises; property sold to a contractor for use in improving commercial premises; and service of installing property.

• Benefit - State tax exemption on sales tax on build-out costs
• Administering Agency - NYC Department of Taxation and Finance
• Website - Lower Manhattan Sales and Use Tax Exemption

Lower Manhattan Sales and Use Tax Exemption One-Sheet