[Adopted 5-8-2006 by L.L. No. 4-2006 (Ch. 92, Art. V, of
the 1983 Code)]
The purpose of this article is to eliminate the partial business
investment exemption provided by § 485-b of the Real Property
Tax Law.
Pursuant to the authority of Subdivision 7 of § 485-b
of the Real Property Tax Law, the partial exemption from property
taxes, special ad valorem levies and service charges provided by such
§ 485-b, is hereby eliminated by reducing the per centum
of exemption to zero.
