Pursuant to Subdivision 2(c)(iii) of § 458-b of the New
York State Real Property Tax Law, the exemption authorized shall apply
to qualifying owners of qualifying real property for as long as they
remain qualifying owners, without regard to a ten-year limitation.
This article shall take effect immediately upon its filing with
the Secretary of State and shall be applicable to all assessment rolls
prepared pursuant to the first taxable status date occurring on or
after the effective date of this article.