[Adopted 7-7-1989 by L.L. No. 5-1989]
Pursuant to the authority of Subdivision 7 of § 485-b of the Real Property Tax Law, the partial exemption from property taxes, special ad valorem levies and service charges provided by such § 485-b is hereby eliminated by reducing the per centum of exemption to zero; provided, however, that exemptions existing prior in time to the effective date of this article shall not be subject to any such reduction.