Real property constructed, altered, installed
or improved subsequent to the first day of March 2008, for the purpose
of commercial business or industrial activity, excluding real property
used primarily for the buying and selling of goods or services, or
property used primarily for the furnishing of dwelling space or accommodations,
to either residents or transients other than hotels and motels, shall
be exempt from taxation and special ad valorem levies, except for
special ad valorem levies for fire district, fire protection district,
and fire alarm district purposes, to the extent hereinafter provided.
The Town hereby adopts the provisions of Real
Property Tax Law § 485-b, Subdivisions 2 through 4 and Subdivisions
6 through 13 of that law as amended from time to time by the State
Legislature, as fully as if set forth herein.
Section 5 of said Real Property Tax Law § 485-b
be and it hereby is amended and inserted as Paragraph 5 of this article,
to omit retail activities so that Section 5, adopted by this Town
Board, is modified to read as follows:
5. The provisions of this Section shall apply
to real property used primarily for the storing, or developing goods
or materials, the manufacture or assembly of goods, or the processing
of raw materials. This section shall not apply to the property used
primarily for the furnishing of dwelling space or accommodations to
either residence or transients other than hotels or motels.
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This article adopts Real Property Tax Law § 485-b
but does not include retail commercial property or property used for
retail sales purposes in the exemption for this Town for the reason
that this Town Board determines that it is not necessary to attract
retail properties to have this exemption available, and it is detrimental
to the assessment and tax rolls to grant such an exemption which deprives
the citizens of the Town of Lloyd of taxes from retail land and buildings.
The Assessor for the Town of Lloyd is directed
to apply § 485-b of the Real Property Tax Law as amended
herein and in the future by the State Legislature except for the retail
properties omitted by this article, and to use the computation of
the tax exemption by the methods set forth in the Real Property Tax
Law.
Any person, business or entity which makes any
willful false statement and application for this exemption pursuant
to this article in Real Property Tax Law § 485-b and who
is convicted of having made such false statement shall be punished
as set forth in Real Property Tax Law § 467, Subdivision
7, which is hereby incorporated by reference, as fully as if set forth
herein.
Such exemption shall apply to applications filed
on or after the effective date of the local law enacting this article.