The real property tax exemption provided for
in § 485-b of the Real Property Tax Law of the State of
New York shall, in all respects be reduced from the percentage provided
to zero per centum. This article is proposed pursuant to Subdivision
7 of § 485-b, the purpose being to reduce the per centum
of exemption otherwise allowed pursuant to this section so that there
will be no business investment exemption as provided in said § 485-b
in the Village of Pittsford, New York.