The purpose of this article is to set forth
and provide the percentage of the real property tax exemption provided
for in § 485-b of the Real Property Tax Law that is effective
in the Town of Greenburgh. All definitions, terms and conditions of
such statute shall apply to this article.
This article shall hereafter be known and cited
as the "Business Investment Exemption Law."
The percentages of real property tax exemption
provided for in Paragraph (a), Subdivision 2, of § 485-b
of the Real Property Tax Law shall be and the same are hereby reduced
to 0% pursuant to Subdivision 7 thereof. Such reduced percentages
may be increased by appropriate resolution of the Town Board.
Pursuant to New York Municipal Home Rule Law
§ 22, the provisions of this article are intended to supersede
the provisions of Real Property Tax Law § 485-b to the extent
that this article and Real Property Tax Law § 485-b are
inconsistent.