[Adopted 11-26-1984 as Ch. 24 of the 1984 Code]
The Assessor of the Village of Sidney in the County of Delaware shall have the power and be charged with the duty to carry out the intent and purpose of Article 4-A of the Commerce Law,[1] § 485 of the Real Property Tax Law[2] and other applicable laws of the state to grant to business facility owners or operators exemption from real estate taxes and special ad valorem taxes levied by the Village of Sidney to the extent provided in the aforementioned New York State laws.
[1]
Editor's Note: Former Article 4-A of the Commerce Law (now known as the "Economic Development Law") was repealed by the Laws of 1983, Chapter 15, § 57, effective 4-1-1983. See now the historical notes under former Article 4-A for provisions regarding the continuing effectiveness of said article.
[2]
Editor's Note: Real Property Tax Law § 485 was repealed by the Laws of 1988, Chapter 165, § 5, effective 6-27-1988. See now the historical notes under former § 485 regarding savings provisions for said section.
This tax exemption shall be granted to business facility owners or operators who, prior to taxable status day, file with the Village Assessor an application on a form prescribed by the Assessor, together with a certificate of eligibility issued by the New York State Job Incentive Board created by § 116 of the Commerce Law.[1]
[1]
Editor's Note: Former § 116 of the Commerce Law (now known as the "Economic Development Law") was repealed by the Laws of 1983, Chapter 15, § 57, effective 4-1-1983. See now the historical notes under former § 116 for provisions regarding the continuing effectiveness of said section.
Upon submission of the aforesaid application and the certificate, the Village Assessor shall consider the application for exemption or tax credit and, if found to be in order, determine the assessed value of said property in accordance with the certificate of eligibility and enter such value on the exempt portion of the assessment roll.
The Village Assessor shall grant a one-hundred-percent tax credit or exemption and said exemption shall continue from year to year for a maximum of 10 years for each eligible facility, unless eligibility is revoked or modified by the New York State Job Incentive Board.