[Adopted 1-14-1980 by L.L. No. 1-1980 (Ch. 140 of the 1976
Code)]
[Amended 10-30-1989 by L.L. No. 5-1989]
The Clerk-Treasurer of the Village of Lancaster shall have the
power and be charged with the duty to carry out the intent and purposes
of Article 4-A of the Commerce Law,[1] § 485 of the Real Property Tax Law[2] and other applicable laws of the state to grant business
facility owners or operators exemptions from real estate taxes and
special ad valorem taxes to the extent provided in the aforementioned
New York State laws, contingent upon the conditions hereinafter set
forth in this chapter.
[1]
Editor's Note: Former Article 4-A of the Commerce Law (now
the Economic Development Law) was repealed by L. 1983, c. 15, § 57,
effective 4-1-1983.
[2]
Editor's Note: Former § 485 of the Real Property
Tax Law was repealed by L. 1988, c. 165, § 5, effective
6-27-1988. See now Real Property Tax Law § 485-b.
[Amended 10-30-1989 by L.L. No. 5-1989]
A.
This tax exemption shall be granted to the business facility owners
or operators who, prior to the taxable status date, file with the
Village Clerk-Treasurer's office an application on a form prescribed
by that office, together with a certificate of eligibility issued
by the New York State Job Incentive Board created by § 116
of the Commerce Law.[1]
[1]
Editor's Note: See now the Economic Development Law.
B.
Upon submission of the aforementioned application and certificates,
the Village Clerk-Treasurer shall consider the application for exemption
or tax credit and, if found to be in order, determine the assessed
value of said property in accordance with the certificate of eligibility
and enter such value on the exempt portion of the assessment roll.
[Amended 10-26-1981 by L.L. No. 6-1981; 10-30-1989 by L.L. No.
5-1989]
The Village Clerk-Treasurer shall grant to a qualified business
facility a tax credit or exemption of 100% upon the condition that
the owner or operator of said qualified business facility, or his
assigns, pays to the Village, in lieu of such real property taxes
and/or special ad valorem taxes, an amount determined in the following
manner: that fraction, as computed below, multiplied by the Village's
annual tax rate per thousand and then multiplied by the assessed valuation
of the improved premises. Said fraction shall have as its numerator
the sum total amount budgeted by the Village in that current tax year
under budget accounts entitled "Snow Removal," "Streetlighting" and
"Refuse and Garbage" and shall have as its denominator the amount
budgeted by the Village in the same tax year under the title "Real
Property Tax Levy." The resulting dollar amount is to be paid on an
annual basis immediately upon receipt of a written invoice from the
Village.
Upon the condition that the payments in lieu of taxes noted
above are made, said exemption shall continue from year to year for
a maximum of 10 years for each eligible facility, unless eligibility
is revoked or modified by the New York State Job Incentive Board.
