[Adopted 8-18-2008 by L.L. No. 5-2008]
It is the legislative intent of the within article
to exercise the option relative to limitations of the exemption of
taxation as provided in Real Property Tax Law § 458-a(2)(d)(ii)
so as to permit the maximum exemption allowable in Real Property Tax
Law § 458-a(2), Paragraphs a, b, and c to be limited to
$9,000, $6,000, and $30,000, respectively.
The maximum exemption allowable in Paragraphs
a, b, and c of Subdivision 2 of Real Property Tax Law § 458-a
be and the same hereby is established at $9,000, $6,000, and $30,000,
respectively.
The within article shall be effective immediately
upon passage, subject to Real Property Tax Law § 458-a(4).
