[Adopted 7-21-1997 by L.L. No. 4-1997]
[Amended 5-7-2001 by L.L. No. 6-2001]
A.
The report and recommendation of the Industrial and Commercial Incentive Board, dated January 1997, as commissioned in Chapter 25 of the Town Code, is hereby adopted.
B.
The Supplemental Report and Recommendation of the Industrial and
Commercial Incentive Board, dated April 2001 is hereby adopted.
C.
The Final
Report and Recommendation of the Industrial and Commercial Incentive
Board dated September 2011 is hereby adopted.
[Added 10-17-2011 by L.L. No. 26-2011]
[Amended 3-5-2001 by L.L. No. 2-2001; 5-7-2001 by L.L. No.
6-2001; 10-17-2011 by L.L. No. 26-2011]
A.
Eligibility for exemption from taxation and specific ad valorem levies
authorized by Real Property Tax Law § 485-b shall be available
in the following classification categories:
(1)
Enhancement
areas, as shown on the maps of enhancement areas set forth in the
Final Report and Recommendation of the Industrial and Commercial Incentive
Board dated September 2011 which are hereby adopted by reference and
declared to be part of this article. The maps of the enhancement areas
shall be maintained on file in the office of the Town Clerk, Town
Assessor and the Planning and Building Departments.
B.
Eligibility for exemption shall be restricted to those businesses
which are found only in the designated enhancement areas and have
an eligible land use classification as delineated in the North American
Industry Classification System (NAICS).
[Amended 5-7-2001 by L.L. No. 6-2001; 10-17-2011 by L.L. No.
26-2011]
A.
The cost of construction, alteration, installation or improvement
of eligible properties must exceed $50,000 to qualify for the exemption
as computed pursuant to Subdivision 2 of § 485-b of the New York
State Real Property Tax Law.
The Town Board shall periodically reconvene an Industrial and
Commercial Incentive Board for the purpose of reviewing the impact
of the New York State Real Property Tax Law § 485-b program,
including the defined enhancement areas. The reconvened Incentive
Board shall, upon conclusion of its review, report back to the Amherst
Town Board with recommendations.
