No real property tax exemption shall be allowed for commercial, business
or industrial property.
Real property constructed, altered, installed or improved subsequent
to the effective date of this Article for purposes of commercial, business
or industrial activity and real property otherwise qualified, except for this
Article, for a real property tax exemption pursuant to § 485-b of
the Real Property Tax Law shall not be exempt from taxation, special ad valorem
levies and service charges and shall not be entitled to the exemption or any
part thereof as set forth in § 485-b of the Real Property Tax Law.