Inside Long Island Business
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$500,000 in tax breaks for 25 businesses harmed by Sandy
Photo credit: Ian J. Stark
Nassau County has awarded $500,000 in sales tax breaks to 25 businesses damaged by superstorm Sandy, officials said.
Benefits are received when a company purchases new equipment or building materials to reopen after the Oct. 29 storm. The sales-tax exemption is part of the Local Enterprise Assistance and Development Service, or LEADS, for small businesses.
LEADS is run by the county’s...
