A fact within the Construction world that everyone might not know is that there are tax breaks and incentives when doing home construction or remodeling. New York state offers a variety of incentives to companies expanding or relocating. An example of New York State helping with the development of property improvement is the Real Property Tax Abatement. NYS says that this is used to encourage development, expansion and improvement of commercial property. A 10-year property tax abatement is available to offset increased assessments due to improvements to business and commercial property. There are also sales tax exemptions involved in the purchasing of construction materials. YouRead More →