SALINA, N.Y. — A Salina company’s request for tax breaks to expand will be the subject of a public hearing on 10 a.m. Thursday at Salina Town Hall.
IMS Inc. — a provider of print, mail, and digital delivery services — is looking to spend more than $1 million enlarging its space on Commerce Boulevard, and is requesting tax abatements on sales taxes and mortgage taxes as well as a 10-year payment in lieu of taxes (PILOT) agreement.
If agreed to by the Onondaga County Industrial Development Agency (OCIDA), IMS could save $56,000 on sales taxes for materials used in the expansion, $9,750 on mortgage taxes, and $43,395 with the PILOT.
(Sponsored)
Issuing 1099s: What Every Business Owner Needs To Know
If you are a business owner, you have likely heard of Form 1099. It is a crucial part of tax compliance and should not be ignored. The IRS uses 1099s
The New Rule for Independent Contractors – Are You Ready?
Effective March 11, 2024, the US Department of Labor will change the analysis it uses to determine whether an individual is an employee or independent contractor under the Fair Labor
With the expansion, IMS expects to add 22 employees in the next five years, according to its application to OCIDA.
In the application, IMS said the total cost of the project would be $1.33 million for site work, building, furniture, and legal and architect fees. Including wages, benefits, and other expenditures, IMS said the project will create nearly $12.4 million in new investment over 10 years.
Contact McChesney at cmcchesney@cnybj.com
