[Adopted 1-9-2008 by L.L. No. 1-2008]
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.
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.