[Adopted 2-21-1995 by L.L. No. 2-1995]
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."
[1]
Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I).
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.
[1]
Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I).
The exemption provided for herein shall be for a term of 10 years commencing from the date on which the Empire Zone was designated.
[1]
Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I).
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).