[Adopted 2-24-1977 by L.L. No. 2-1977 (Ch. 130 of the 1976 Code)]
[1]
Editor's Note: Former Article I, Business Exemption, which immediately preceded this article, was deleted 12-10-1997 by L.L. No. 6-1997.
Pursuant to the authority of Subdivision 7 of § 485-b of the Real Property Tax Law of the State of New York, and any and all amendments thereto, there is hereby established a reduced exemption in order to nullify the effect of the business investment exemption of said § 485-b of the Real Property Tax Law.
The exemption authorized under the provisions of § 485-b of the Real Property Tax Law of the State of New York, and any and all amendments thereto, is hereby reduced to 0% in all years to which the exemption thereby so authorized by the state law is effective and within the Town of Perinton said tax exemption is hereby rendered a nullity and of no effect.