Town of Southeast AgendaPacket Work Session/Regular Meeting 2026-06-04
IDA Considers PILOT Tax Incentives for Kinsley Group
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Description
Kinsley Group Inc. d/b/a Kinsley Power Systems is expected to benefit from a 10-year PILOT tax abatement, a $243,160 sales tax exemption, and a $38,804 mortgage tax exemption via the Putnam County IDA for a $7 million project at 20 Fields Lane, Southeast.
Contract Details
Contract Amount
Sales and Use Tax Exemption: Not to exceed $243,160; Mortgage Recording Tax Exemption: Not to exceed $38,804; Real Property Tax Abatement: 10-year PILOT Agreement; Total project cost: $7,000,000
Vendor
KINSLEY GROUP INC DBA KINSLEY POWER SYSTEMS
Agency
Town of Southeast, NY
Contract Type
OTHER
Document Date
June 4, 2026
Contract Term
10-year PILOT (2026–2036)
Renewal Date
2036-06-01
Renewal Info
10-year PILOT term. No specific extensions or auto-renewals indicated. Renewal would require new application and approval.
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