This article shall be known and may be cited as the "Village
of Roslyn Business Tax Exemption Law."
Notwithstanding those provisions of Real Property Tax Law § 485-b
which provide exemptions from real property tax increases attributable
to certain construction, alterations, installations or improvements
to or upon real property for the purpose of commercial, business or
industrial activity, as specified therein, and pursuant to the specific
grant of authority contained in § 485-b, Subdivision 7,
the per centum of exemption otherwise allowed pursuant to § 485-b,
Subdivision 2(a) of the Real Property Tax Law is hereby reduced to
0% for each year for which an exemption is allowed pursuant to § 485-b,
Subdivision 2(a) of the Real Property Tax Law.