Town of Ontario, NY
Wayne County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Town Board of the Town of Ontario 7-22-2019 by L.L. No. 4-2019. Amendments noted where applicable.]
This chapter shall be known as "Local Law No. 4 of 2019: Nuclear-Powered Electric-Generating Facilities Exemption From Taxation, Special Ad Valorem Levies and Special Assessments."
The purpose of this chapter is to exercise the rights granted to local taxing districts, pursuant to §§ 485 and 490 of the Real Property Tax Law of the State of New York to grant an exemption for nuclear-powered electric-generating facilities located within the Town from taxation imposed, special ad valorem levies, and special assessments imposed by the Town of Ontario, to the extent provided in §§ 485 and 490 of the Real Property Tax Law of the State of New York.
Sections 485 and 490 of the Real Property Tax Law of the State of New York authorize the Town Board for the Town of Ontario to exempt nuclear-powered electric-generating facilities from taxation, special ad valorem levies, and special assessments to the extent provided by law.
A. 
The Town Board finds that the continued operation of the nuclear-powered electric-generating facilities located in the Town of Ontario is largely dependent on such facilities' ability to compete in a deregulated electricity-generating market with a competitive level of real property taxation.
B. 
The Town Board finds further that exemption from taxation of nuclear-powered electric-generating facilities located in the Town of Ontario, providing for payments in lieu of taxes and the removal of the nuclear-powered electric-generating facilities located in the Town of Ontario from the State Equalization Program in accordance with the Real Property Tax Law of the State of New York, is in the interest of the Town and will facilitate economic and fiscal stability for the Town, its taxpayers, and the owners of such nuclear-powered electric-generating facilities.
Pursuant to Real Property Tax Law §§ 485 and 490, the Town Board hereby exempts existing nuclear-powered electric-generating facilities located within the Town of Ontario from taxation imposed by the Town of Ontario, special ad valorem levies, and special assessments imposed by the Town of Ontario to the extent provided in §§ 485 and 490 of the Real Property Tax Law. Such exemptions shall commence as of January 1, 2020, and shall continue until the first taxable status date occurring on or after December 31, 2029.
A copy of this chapter shall be filed in the Office of the Clerk of the Town of Ontario and with the New York State Department of Taxation and Finance within 30 days after the adoption hereof.
This chapter shall take effect immediately following filing with the Secretary of State.