[Adopted 12-20-1976 by L.L. No. 4-1976 (Ch. 24 of the 1975 Code)]
Pursuant to § 485-b of the Real Property Tax Law, entitled "Business investment exemption" (added by Chapter 278 of the Laws of 1976), the Incorporated Village of Williston Park, in exercise of the option granted by Subdivision 7 of § 485-b, hereby reduces the per centum of the exemption otherwise allowed pursuant to said section as follows: the extent of the exemption in the year one shall be 0% of the increase in assessed value attributable to any qualified construction, alteration, installation or improvement, and said zero percentage shall continue to apply to such increase in assessed valuation in each and every year thereafter.