Village of Endicott, NY Article IV Business Investment Exemption

[Adopted 10-23-1989 by L.L. No. 5-1989 as Ch. 194, Art. IV, of the 1989 Code]

§ 222-17 Purpose; applicability.

A. The purpose of this article is to reduce the per centum of exemption authorized by § 485-b of the Real Property Tax Law.

B. Said section is applied to real property constructed, altered, installed or improved subsequent to the first day of July 1976 for the purpose of commercial, business or industrial activity.

§ 222-18 Reduction of exemption.

The business investment exemption, as provided for in Real Property Tax Law § 485-b shall be reduced to 0%.