This article shall be entitled a "Local Law Providing for an
Empire Zone Exemption Pursuant to Section 485-e of the Real Property
Tax Law."
This article is adopted pursuant to Real Property Tax Law § 485-e
and is subject to and limited by its provisions.
The County of Dutchess hereby adopts § 485-e of the
Real Property Tax Law, thereby providing real property constructed,
altered, installed, or improved in an area designated an Empire Zone
pursuant to Article 18-B of the General Municipal Law shall be exempt
from taxation and special ad valorem levies by the County of Dutchess
for the period and to the extent hereinafter provided. Any such exemption
shall be implemented in full accord with § 485-e of the
Real Property Tax Law.
The exemption provided for herein shall be for a term of 10
years commencing from the date on which the Empire Zone was designated.
The amount of exemption shall be the percentages as set forth
in Real Property Tax Law § 485-e(1)(b) and (c) as applied
to the base amount as set forth in Real Property Tax Law § 485-e(2).