Lower Manhattan Sales and Use Tax Exemption
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