[Adopted 11-19-2018 by L.L. No. 6-2018]
The purpose of this article is to reduce the per centum of the
real property tax law exemption provided for in § 485-b,
Subdivision 2(a) of the Real Property Tax Law for certain commercial,
business or industrial investment activities.
As used in this article, unless otherwise expressly stated,
definitions shall be as set forth in § 485-b of the Real
Property Tax Law.
The real property tax exemption percentage as set forth in Subdivision
2(a) of § 485-b of the Real Property Tax Law is hereby reduced
to 0% for each of the 10 years as described in Subdivision 2(a), as
permitted by enactment of local law in accordance with § 485-b,
Subdivision 7 thereof.
This article shall not apply to any project currently in the
course of construction or to any project exemptions existing prior
in time to passage of this article by the Town of Onondaga Town Board
pursuant to § 485-b, Subdivision 7 of the Real Property
Tax Law. There shall be no exemption from tax for business improvements
commenced subsequent to adoption of this article.
Each separate provision of this article shall be deemed independent
of all other provisions herein, and if any provisions shall be deemed
invalid, all other provisions hereof shall remain valid and enforceable.
