Town of Islip, NY
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2024-01-23
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The Code
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Chapter 48E Taxation: Business Investment Exemption
- The Code
- Ch 1 General Provisions
- Ch 1A Ordinances: Notice and Publication
- Ch 1B Alternate Members
- Ch 2 Appearance Tickets
- Ch 3 Assessor, Department of
- Ch 3A Aviation and Transportation Department
- Ch 3B (Reserved)
- Ch 3C Off-Airport Rental Car Businesses
- Ch 3D (Reserved)
- Ch 3E (Reserved)
- Ch 3F (Reserved)
- Ch 4 Bicycles
- Ch 4A Skateboards
- Ch 5 Bingo
- Ch 6 American Flag, Desecration of
- Ch 6A Property Maintenance
- Ch 7 Pesticides
- Ch 8 Cannabis
- Ch 9 Collateral Loan Brokers
- Ch 9A Cable Television Regulations
- Ch 10 Capital Budgeting System
- Ch 10A Environmental Control Department
- Ch 10B Comptroller, Department of
- Ch 11 Conservation of Energy
- Ch 12 Animals
- Ch 13 Nature Preserve Trust
- Ch 13A Environmental Council
- Ch 13B Environmental Quality Review
- Ch 14 Code of Ethics and Financial Disclosure Law
- Ch 15 Excavations and Topsoil Removal
- Ch 16 Excavations in Streets
- Ch 17 Fair Employment Practices
- Ch 17A Residency of Town Employees
- Ch 17B Retirement Incentive Program
- Ch 17C Nonunion Fringe Benefits
- Ch 18 Criminal Background Checks
- Ch 19 Fire Prevention
- Ch 21 Solid Waste
- Ch 21A (Reserved)
- Ch 22 Games of Chance
- Ch 23 Government: Continuity
- Ch 23A Graffiti
- Ch 24 Defense of Officers, Employees and Appointed Officers
- Ch 25 Hospital Zones
- Ch 25A Housebarges
- Ch 26 Housing: Discriminatory Practices
- Ch 27 Civil Service, Department of
- Ch 28 Human Services, Department of
- Ch 28A Ice Cream Trucks
- Ch 29 Junkyards and Scrap Metal Processing Facilities
- Ch 30 Ladders on Bulkheads
- Ch 31 Licenses and Permits: Issuance
- Ch 32 Littering
- Ch 33 Drug Paraphernalia
- Ch 34 Memorial and Independence Days
- Ch 35 Noise
- Ch 35A Nudity on Public Beaches
- Ch 36 Parades, Assemblies and Carnivals
- Ch 36A Parks, Recreation and Cultural Affairs Department
- Ch 37 Parks, Swimming Pools, Marinas, Boats and Waterways
- Ch 38 Tobacco and Cannabis
- Ch 39 Peddlers
- Ch 39A Planning and Development, Department of
- Ch 40 Plumbers: Licensing
- Ch 40A Public Nuisances
- Ch 40B Public Safety Enforcement, Department of
- Ch 41 Public Works Department
- Ch 42 Racetracks
- Ch 42A Receiver of Taxes, Department of
- Ch 43 Sales of Personal Property
- Ch 43A Sewers
- Ch 44 Shellfish
- Ch 45 Shopping Carts: Unlawful Taking, Misuse and Abandonment
- Ch 46 Solicitors and Canvassers
- Ch 47 Stormwater Management and Erosion and Sediment Control
- Ch 47A Streets and Sidewalks
- Ch 47B Subdivision Improvements
- Ch 47C Supervisor, Department of
- Ch 48 Taxation: Partial Exemption for Senior Citizens
- Ch 48A Taxation: Business Exemption
- Ch 48B Taxation: Homestead Base Proportion
- Ch 48C Taxation: Handicapped Improvement Exemption
- Ch 48D Taxation: Partial Exemption for Veterans
- Ch 48E Taxation: Business Investment Exemption
- § 48E-1 Title.
- § 48E-2 Scope.
- § 48E-3 Reduction of exemption.
- § 48E-4 Severability.
- § 48E-5 Effective date.
- Ch 48F Taxation: Home Improvement Exemption
- Ch 48G Taxation: Exemption for Persons With Disabilities
- Ch 48H Taxation: Exemption for Volunteer Fire Fighter and Ambulance Workers
- Ch 48I Taxation: Exemption for Cold War Veterans
- Ch 48J Taxation: Superstorm Sandy Assessment Relief
- Ch 49 Taxicabs
- Ch 49A Terms of Office
- Ch 50 Town Attorney, Department of
- Ch 50A Town Board, Office of
- Ch 50B Town Clerk, Department of
- Ch 51 Towing Businesses
- Ch 52 Traffic Safety Board
- Ch 52A (Reserved)
- Ch 53 Empire Zone
- Ch 54 Trailers and Trailer Camps
- Ch 55 Trapping
- Ch 56 Trawling and Eel Dredging
- Ch 57 Trees
- Ch 58 Trespassing
- Ch 59 Vehicles and Traffic
- Ch 60 Abandoned and Impounded Property
- Ch 60A Vehicles, Off-Road
- Ch 61 Vehicular Uses: Fire Island
- Ch 62 Salaries and Compensation
- Ch 63 (Reserved)
- Ch 64 Water Districts: Rules and Regulations
- Ch 65 (Reserved)
- Ch 66 Water Quality
- Ch 67 Wetlands and Watercourses
- Ch 68 Zoning
- Ch 69 Administrative Adjudication, Bureau of
- Appendix
- Ch A78 Zoning Appendix
- Disposition List
- Ch DL Disposition List
- Traffic Code
- Part I: The Traffic Law
- Ch TC1 General Provisions
- Ch TC2 Traffic Regulations
- Ch TC3 Parking Regulations
- Ch TC4 Off-Street Parking Areas
- Ch TC5 Commercial Vehicles; Weight Limits
- Ch TC6 Removal and Storage of Vehicles
- Ch TC7 Parking Violations Bureau
- Ch TC8 Metered Parking
- Part II: The Schedules
- Sch A Traffic Control Signals
- Sch B (Reserved)
- Sch C Prohibited Turns
- Sch D U-Turns
- Sch E One-Way Streets
- Sch F Parking Area Exits and Entrances
- Sch G Stop and Yield Intersections
- Sch H Speed Limits on Certain Streets
- Sch I School Speed Limits
- Sch J Parking, Stopping and Standing Restrictions
- Sch K Parking for Shopping Centers, Apartment Complexes, Hospitals, Fire Districts and Industrial Parks
- Sch L Town Parking Lots
- Sch M Truck Exclusions
- Traffic Code Disposition List
- Ch TCDL Traffic Code Disposition List
[HISTORY: Adopted by the Town Board of the
Town of Islip 5-6-86 as Local Law No. 1, 1986. Amendments noted where applicable.]
This local law shall be known and may be cited
as the "Taxation: Business Investment Exemption."
This local law shall apply to the increase in
assessed value attributable to construction, alteration, installation
or improvement of commercial, business or industrially used real property
which is eligible for partial exemption from taxation, special ad
valorem levies and services to the extent provided in § 485-b
of the Real Property Tax Law of the State of New York.
The per centum of exemption otherwise allowed
pursuant to § 485-b is reduced to zero percent (0%).
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 or 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 take effect January 1,
1987.
