[HISTORY: Adopted by the Town Board of the Town of Amherst 2-5-1996 by L.L. No.
2-1996. Amendments noted where applicable.]
An Industrial and Commercial Incentive Board for the Town of
Amherst consisting of five members is hereby established. The Town
Board shall appoint the members and designate one of them as Chairperson
by resolution.
The Industrial and Commercial Incentive Board shall, within
a time to be fixed by the Town Board, present a report and plan to
the Town Board concerning the following:
A.
The various types of business real property which should be granted
eligibility for exemption from taxation and specific ad valorem levies
authorized by Real Property Tax Law § 485-b.
B.
Limiting the applicability of the exemption to specific divisions
and major groups as defined in the Standard Industrial Classification
Manual published by the United States Government.
C.
Whether the exemption shall be computed in the manner specified in
Subdivision 2 or 12 of Real Property Tax Law § 485-b.
D.
Specific geographic areas of the Town within which the exemption
should be offered.
E.
Reduction of the per centum of exemption otherwise allowed pursuant
to Real Property Tax Law § 485-b.
F.
The minimum value of construction, alteration, installation or improvement
required to qualify for the exemption.
G.
Other actions deemed desirable to improve the economic climate within
the Town.
H.
Other factors as the Town Board may direct.
In developing the plan and report to the Town Board, the Board
shall consider the planning objectives of the Town and the areas thereof
within which exemptions pursuant to Real Property Tax Law § 485-b
shall be offered, the necessity of the exemption to the attraction
or retention of business, the creation or retention of permanent private-sector
jobs, the need to allow the exemption to provide employment opportunities
and broaden the tax base and other factors the Board deems relevant.
