Village of Warwick, NY Article II Exemption for Eligible Business Facilities

[Adopted 9-10-1979 by L.L. No. 6-1979]

§ 124-4 Certain business facilities exempt; schedule.

Pursuant to the authority of § 485 of the Real Property Tax Law, eligible business facilities, as described in § 115 of the Commerce Law, constructed, reconstructed or improved, which are located within the Village of Warwick, shall be exempt from taxation imposed by or on behalf of the Village of Warwick to the extent of an increase in assessed valuation attributable to such construction, reconstruction or improvement in accordance with the following schedule:

Year	Percent of Exemption
First three years	100

§ 124-5 No exemptions granted for certain levies.

No exemption for special ad valorem levies imposed for special districts or other special purposes is granted.

§ 124-6 Compliance with state statutes required.

Such exemption shall be granted and shall continue only in accordance with § 485 of the Real Property Tax Law and Article 4-A of the Commerce Law.

§ 124-7 Permissive referendum required; when effective.

This article is subject to a permissive referendum and shall take effect immediately upon filing in the office of the Secretary of State, as provided by law.[1]

[1] Editor's Note: This article was subject to a permissive referendum and no valid petition having requested such referendum having been filed, said article was deemed duly adopted 12-14-1979.