The purpose and intent of this local law is
to grant incentive for the expansion of existing businesses in the
Town of Islip and the location of new businesses in said Town by granting
tax exemptions to said businesses for periods as specified herein.
Any assessment so granted shall commence with
the assessment roll prepared on the next following taxable status
date of the Town of Islip.
If any clause, sentence, paragraph, section
or part of this local law shall be adjudged by any court of competent
jurisdiction to be invalid, the judgment shall not affect, impair
or invalidate the remainder of this local law but shall be confined
in its operation to the clause, sentence, paragraph, section or part
of this local law that shall be directly involved in the case or controversy
in which such judgment shall have been rendered.
This local law shall be effective immediately.