This article shall be known as "L.L. No. 6-1997,
entitled the Local Law To Increase Veterans Exemptions."
The purpose of the article is to increase the
maximum exemption allowable under § 458-a, 2(a), (b) and
(c), of the Real Property Tax Law of the State of New York as authorized
pursuant to Chapter 477 of the 1996 Session Laws of the State of New
York to offset reductions in the value of veterans exemptions due
to inflation, appreciation of property values and other changes in
New York Law.
The Town of Marilla hereby increases the amount
of the maximum exemption allowable under § 458-a, Subdivision
2(a), (b) and (c), of the Real Property Tax Law of the State of New
York from $12,000, $8,000 and $40,000, respectively, to $18,000, $12,000
and $60,000, respectively.