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, the Town of Victor, by local
law, may reduce and/or eliminate the business tax exemption provisions.
This article shall not apply to or affect a
project in the course of construction or exemptions existing prior
to the passage of this article.
Business investment exemptions pursuant to § 485-b
of the Real Property Tax Law of the State of New York are hereinafter
restricted to districts zoned Light Industrial and the entire Village
of Victor. The Commercial/Light Industrial Zone is excluded.
Upon adoption of this article, the Town shall
file same with the State Board of Assessor of each assessing unit
which comprises the county, Town and school district.