The Town of Oyster Bay grants exemption from taxation pursuant
to and in accordance with § 459-c, Persons with disabilities
and limited income, of the Real Property Tax Law of the State of New
York, as amended.
No exemption provided for in §
209-20 shall be granted if the income of the owner or the combined incomes of the owners of the property involved exceeds that sum allowable under § 459-c of the Real Property Tax Law of the State of New York, as amended.
This article shall take effect July 1, 1998, and shall apply
to assessment rolls prepared on the basis of taxable status occurring
on or after such date.