[Adopted 6-7-2000 by L.L. No. 4-2000[1]]
[1]
Editor's Note: This local law also repealed
former Art. I, Business Investment Exemption, adopted 11-24-1997 by
L.L. No. 7-1997.
This article shall be known as the "Business
Investment Exemption Law" of the Town of Van Buren.
The purpose of this article is to restore the
applicability of the business investment exemption in the Town of
Van Buren pursuant to the authority granted under § 485-b,
Subdivision 7, of the Real Property Tax Law.
The Town of Van Buren hereby increases the business
investment exemption granted under § 485-b of the Real Property
Tax Law (pursuant to Subdivision 7 thereof) to the maximum allowed
pursuant to Subdivision 2 of § 485-b of the Real Property
Tax Law.
The provisions of this article shall be effective
as of June 1, 2000 and shall apply only to construction, alterations,
installations or improvements commenced after said effective date.
