2025 ST-62 — ST-62 – 2025 – signed
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Department of Taxation and Finance
NEW ST-62
YORK IDA Annual Compliance Report (18)
zr State Sales Tax Recapture
For IDA fiscal year ending _12__01_25
(mmddyy)
Due within 90 days of the end of each fiscal year.
IDA information
Name of IDA
Onondaga County Industrial Development Agency
Street address Telephone number
335 Montgomery Street (315 )435-3770
City State ZIP code
Syracuse NY 13202
Terms and conditions for the recapture of state sales tax exemption benefits for projects established, amended,
or extended on or after March 28, 2013
1 Did the IDA provide state sales tax exemption benefits to any project established, amended, or
extended during the fiscal year entered above?..
If Yes, continue below.
If No, skip to question 3.
2 When an IDA establishes a project, appoints an agent/project operator, or amends or extends a project established in a prior year,
the IDA must include terms and conditions for the recapture of state sales tax exemption benefits in its resolutions and project
documents. This applies to all projects established, amended, or extended on or after March 28, 2013 (see instructions).
. 1 Yes Xl No [_]

Did the IDA use the same terms and conditions regarding the recapture of state sales tax
exemption benefits in the project documents for each of its projects (as described above)?.................. 2 Yes No O
If Yes, attach a copy of the terms and conditions used.
If No, attach a copy of each version used. Be sure to identify the projects to which each version of the terms and conditions
relate.
If the IDA did not include terms and conditions for the recapture of state sales tax exemption benefits in the project
documents, attach a list of these projects (see instructions).
Activities and efforts to recapture state sales tax exemption benefits for projects established, amended, or
extended on or after March 28, 2013
3 Did the IDA make efforts to recapture any state sales and use tax exemption benefits from an
agent, project operator, or other person or entity (see instructions)? .........sssseseeessenssseeeseeneneneeteneetenees
If Yes, continue below.
If No, skip question 4 and complete the Certification below.
4 Did the IDA file Form ST-65, [DA Report of Recaptured Sales and Use Tax Benefits, for each
recapture, and remit the funds to the Tax Department? . . 4YesL] nolL]
If Yes, you must keep a copy of Form ST-65 and supporting documentation related to the recapture activities.
If No, attach an explanation of the IDA's recapture efforts (see instructions).

3 Yes] No Xl]
Certification
| certify that the above statements are true, complete, and correct, and that no material information has been omitted. | make
these statements with the knowledge that willfully providing false or fraudulent information with this document may constitute a
felony or other crime under New York State Law, punishable by a substantial fine and possible jail sentence. | also understand
that the Tax Department is authorized to investigate the validity of any information entered on this document.
Print name of person signing on behalf of the IDA Print title of person signing on behalf of the IDA
Robert M. Petrovich . 7) ) )\ Executive Director
Signature J oD Ni Date Telephone number
04-23-2026 ( 315 )435-3770
Mailing instructions
Mail completed form and attachments to:
NYS TAX DEPARTMENT
IDA UNIT

W AHARRIMAN CAMPUS
ALBANY NY 12227-0866
If not using U.S. Mail, see Publication 55, Designated Private Delivery Services.
Page 2of2 ST-62 (1/18)
Instructions
Filing requirements Activities and efforts to recapture state sales tax
Every IDA must file this compliance report every year. The exemption benefits
report must include: The GML requires that each IDA recapture state sales
+ the terms and conditions for the recapture of state tax exemption benefits that were claimed by a project
sales tax exemption benefits (as described in General operator or agent, or other person or entity, whenever the
Municipal Law (GML) section 875(3)) within all of the benefits were:
IDA‘s resolutions and project documents. This applies * not entitled or authorized to be taken,
to:
— projects established and agents or project operators
appointed, and any financial assistance or agreement
+ in excess of the amounts authorized,
+ for unauthorized property or services, or

for payments in lieu of taxes provided, on or after * for property or services not used according to the terms
March 28, 2013; and of the agreement with the IDA.
— any amendment or revision for additional funds or See Form ST-65, /DA Report of Recaptured Sales and
benefits made on or after March 28, 2013, to projects Use Tax Benefits, for more information.
established, agents or project operators appointed, ;
financial assistance provided, or payments in lieu of IDAs must remit recaptured state sales tax benefit
taxes provided, prior to March 28, 2013. amounts to the Tax Department within 30 calendar days,
+ information about efforts the IDA has made to recover, using Form: S165.
recapture, receive, or obtain any state sales tax Line 4: If the IDA made efforts to recapture sales tax
exemption benefits and payments in lieu of state sales exemption benefits during the fiscal year covered by
taxes from an agent/project operator, or other person or this report and has not filed Form ST-65, attach an
entity. explanation.
Every IDA must file Form ST-62 within 90 days of the end The attachment must include:
of each fiscal year. * name and address of the project and project number;
The term state sales tax as used in this form includes both * legal name, EIN, and address of the agent/project
state sales tax and the state use tax. operator, or other person or entity;
For more information, see TSB-M-14(1.1)S, Sales Tax * project beginning and end dates;
Reporting and Recordkeeping Requirements for Industrial + the basis for recapture, as described above;
Development Agencies and Authorities. + date of recapture efforts;
Any IDA that fails to file or substantially complete this * amounts identified as required to be recaptured; and
report may lose its authority to provide state sales tax * amount recaptured, if different.

exemption benefits. “ _
When identifying recapture amounts, be sure to break
Terms and conditions for the recapture of state down the total dollar amount into the categories below:
sales tax exemption benefits + state tax,
Line 2 —If the IDA: + local tax,
+ used the same standard terms and conditions for the * MCTD tax (if applicable),
recapture of state sales tax exemption benefits in the * penalties, and
project documents for all projects covered by this report,
attach a copy of the terms and conditions used. You are * Interest.
not required to attach the entire document. Attach only If the amount recaptured was not paid in full, also include
the sections describing the state sales tax recapture copies of correspondence exchanged between the IDA
requirements described in GML section 875(3). and the agent/project operator, or other entity or person
+ used different terms and conditions for the recapture regarding the recapture efforts.
of state sales tax exemption benefits in the project
documents for the projects covered by this report, Need help?
attach a copy of the terms and conditions used and Visit our website at www.tax.ny.gov.
identify the project(s) to which they relate. Be sure to
include the project name and address, and the legal
name and EIN of the agent or project operator for each
project identified.

* provided state sales tax exemption benefits but did
not include terms and conditions for the recapture of
those benefits, attach a list of these projects. Include the
project name and address, the legal name and EIN of
the agent or project operator, and the reason why terms
and conditions regarding recapture were not included.
From Onondaga County Industrial Development Agency Handbook
Amended February 15, 2024
Section VI. Recapture of Agency Benefits
A. Information to be Provided by Companies. Each Company agrees that to receive
benefits from the Agency it must, whenever requested by the Agency or required under
applicable statutes or project documents, provide and certify or cause to be provided and
certified such information concerning the Company, its finances, its employees and other
topics which shall, from time to time, be necessary or appropriate, including but not limited
to, such information as to enable the Agency to make any reports required by law or
governmental regulation.

B. Recapture of Benefits. It is the policy of the Agency to recapture the value of a PILOT,
any sales and use tax exemption, and mortgage recording tax exemption in accordance with
the Laws of the State and the provisions contained herein. Before receiving benefits, the
Company must attest in writing to its understanding of, and agreement to, the recapture
provisions contained in State Law and herein. To the extent permitted by State law, the
recapture provisions contained herein may be modified from time to time by the Agency at
its sole discretion.
Events of Recapture. Events of recapture include, but are not limited to, (i) failure to maintain
75% of the number of full time equivalent jobs a company represents will be maintained or
created in connection with its project in the Company’s application to the Agency, (ii) a
material violation of one of the project documents, (iii) for a workforce housing project,
failure of the designated percentage of units to meet the household income requirements;
and (iv) for a senior lifestyle community, failure of the units to be reserved for individuals 55
years or older. In the case of an event of recapture, the value of the property tax, sales and
use tax and mortgage recording tax benefits extended to the project by the Agency may be
subject to recapture. When deciding whether or not to recapture benefits and the amount of
such recapture, the Agency may consider the potential future benefit of the business to the
community.

1. Recapture Payment. The recapture payment paid by the Company to the
Agency shall be determined (1) by the difference between any PILOT payments made
by the Company and the property taxes that would have been paid by the Company if
the property were not under the supervision, jurisdiction or control of the Agency, (2)
the value of any mortgage recording tax exemption, if awarded to the Company and
(3) the amount of sales and use tax that would have been paid if an exemption was
not granted.
2. Recapture of the PILOT, Sales and Use Tax or Mortgage Recording Tax. The
Recapture Schedule for a Payment in Lieu of Tax Agreement, Sales and Use Tax or the
Mortgage Recording Tax is as follows:
Time from Project Completion Tax Savings Recaptured

1 Year 80%
2 Years 60%
3 Years 40%
4 Years 20%
5 Years 10%
Cc. Distribution of the Recapture Payment. Any funds recaptured as a result of the
recapture payment shall be distributed to the affected taxing jurisdictions in the same
proportion as if the payments were paid or owed by the Company on the date of recapture.
D. “Full Time Per ee”
1. A full time, permanent, private sector employee on the Company’s
payroll, who has worked at the project location for a minimum of thirty hours
per week for not less than four consecutive weeks and who is entitled to
receive the usual and customary fringe benefits extended by Company to
other employees with comparable rank, duties and hours; or
2. Up to three part time, permanent, private-sector employees on
Company’s payroll, who have worked at the project location for a combined
minimum of thirty hours per week for not less than four consecutive weeks and
who are entitled to receive the usual and customary fringe benefits extended
by Company to other employees with comparable rank, duties and hours.
E, Additional Conditions Applicable to the Recapture of Sales and Use Tax E
Exemption Benefits.
1. Recapture Events. As of April 1, 2013, State law requires industrial
development agencies to recapture sales and use tax benefits where:
i. A project is not entitled to receive the benefits;
ii.
iv.
Exemptions received exceed the amount authorized by the Agency;

Exemptions are claimed by the project for unauthorized property or
services; or Onondaga County Industrial Development Agency
Handbook Section 7: Statutorily Required Policies Item G: Uniform Tax
Exemption Policy
A project fails to use the property in the manner required by its Agency
agreements.
2. Distribution of Sales and Use Tax. Project operators must cooperate
with the Agency in its effort to recapture all sales and use tax benefits
received by the Company by promptly paying the recapture amount as
determined by the Agency. The amount to be recaptured will be
dictated by State Law or this UTEP Policy, which ever may be
applicable. The Agency shall remit the recaptured sales and use tax
benefits to the State within 30 days of receipt.
3. Compliance Report. Annually, the Agency will file an annual
compliance report with the State detailing its recapture terms and its
activities to recapture benefits, including the any attempt to recapture
benefits from an Agency project.