It is the legislative intent of the within article to adopt
a local law to provide a qualified owner an exemption for qualifying
residential real property from taxation to the extent of 15% of the
assessed value of such property, which exemption shall not exceed
$9,000 and, in addition, to provide a disability exemption to the
multiple of 50% of the disability rating, not to exceed $30,000, all
as set forth in the Real Property Tax Law, § 458-b.
The within article shall be effective immediately upon passage,
subject to Real Property Tax Law § 458-b.