[Adopted 8-13-2001 by L.L. No. 4-2001]
An Industrial and Commercial Incentive Board
for the Village of Williamsville consisting of the Mayor and four
Trustees is hereby established. The Mayor shall act as the Chairperson.
The Industrial and Commercial Incentive Board
shall, within a time to be fixed by the Village Board, present a report
and plan concerning the following:
A.
The various types of business real property which
should be granted eligibility for exemption from taxation and specific
ad valorem levies authorized by Real Property Tax Law § 485-b.
B.
Limiting the applicability of the exemption to specific
divisions and major groups as delineated in the North American Industry
Classification System (NAICS).
[Amended 2-28-2012 by L.L. No. 4-2012]
C.
Whether the exception shall be computed in the manner
specified in Subdivision 2 or 12 of Real Property Tax Law § 485-b.
D.
Specific geographic areas of the Village within which
the exemption should be offered.
E.
Reduction of the per centum of exemption otherwise
allowed pursuant to Real Property Tax Law § 485-b.
F.
The minimum value of construction, alteration, installation
or improvement required to qualify for the exemption.
G.
Other actions deemed desirable to improve the economic
climate within the Village.
H.
Other factors as the Village Board may direct.
In developing the plan and report, the Board
shall consider the planning objectives of the Village and the areas
thereof within which exemptions pursuant to Real Property Tax Law
§ 485-b shall be offered, the necessity of the exemption
to the attraction or retention of business, the creation or retention
of permanent private sector jobs, the need to allow the exemption
to provide employment opportunities and broaden the tax base and other
factors the Board deems relevant.
