Town of Islip Town Board Discussion Agenda 2026-06-16
Islip IDA Approves Incentives for ISP Millwork Facility Project
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Description
Town of Islip Industrial Development Agency authorized a facility acquisition, renovation, and equipment lease transaction for ISP Millwork LLC at 355 Crooked Hill Rd, Brentwood. ISP Millwork receives up to $306,250 in sales tax exemptions and a 12-year PILOT property tax abatement. The package supports retention/creation of 121 full-time jobs in the town.
Contract Details
Vendor
ISP MILLWORK LLC
Agency
Town of Islip, NY
Contract Type
FACILITIES
Document Date
June 16, 2026
Contract Term
12-year PILOT abatement and sales tax exemption period starting June 16, 2026
Renewal Date
2038-06-16
Renewal Info
12-year PILOT abatement; tax abatement schedule begins at 40% of assessed value and increases by 5% each year for 12 years, reverting to full assessment thereafter. Sales tax exemption not to exceed $306,250.
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Town of Islip Town Board Discussion Agenda 2026-06-16
Town of Islip Town Board Discussion Agenda 2026-06-16
Town of Islip Town Board Discussion Agenda 2026-06-16
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