Section 421-f of the Real Property Tax Law of
the State of New York, enacted by Chapter 704 of the Laws of 1993,
is hereby made applicable to and effective within the Village of Westbury.
The partial tax exemption provided by § 421-f
of the Real Property Tax Law, as applicable in the Village of Westbury,
shall be limited to an amount not exceeding the equalized equivalent
of $80,000 in increased market value of each such residence resulting
from such capital improvement. A "capital improvement," as such term
is used herein, shall include additions, alterations, reconstruction
or other improvements to such residential buildings, but not ordinary
maintenance and repairs.