Pursuant to the authority granted by Subdivision
7 of § 485-b of the Real Property Tax Law, Subdivision 2(a)
of such section is hereby changed, superseded and amended to read
as follows:
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2(a)
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Such real property shall be exempt to the extent
of zero per centum 0% of the increase in assessed value thereof attributable
to such construction, alteration, installation or improvement.
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