Pursuant to the authority of Subdivision 7 of
§ 485-b of the Real Property Tax Law of the State of New
York, and any and all amendments thereto, there is hereby established
a reduced exemption in order to nullify the effect of the business
investment exemption of said § 485-b of the Real Property
Tax Law.
The exemption authorized under the provisions
of § 485-b of the Real Property Tax Law of the State of
New York, and any and all amendments thereto, is hereby reduced to
0% in all years to which the exemption thereby so authorized by the
state law is effective and within the Town of Perinton said tax exemption
is hereby rendered a nullity and of no effect.