The provisions of § 485-b, Business
investment exemption, of the Real Property Tax Law shall not apply
in whole or in part within the Town of New Hartford, New York.
The adoption of this article is made pursuant
to § 485-b, Subdivision 7, of the Real Property Tax Law
and, in addition thereto, §§ 23 and 24 of the Municipal
Home Rule Law, as said sections apply and pertain to its passage.