[Adopted 10-5-1993 by L.L. No. 6-1993]
The purpose of this article is to grant a partial
exemption from taxation for capital improvements to residential buildings
within the Town of Niskayuna as authorized by § 421-f of
the Real Property Tax Law.
Residential buildings constructed, altered or
improved subsequent to the effective date of this article shall be
exempt from taxation and special ad valorem levies to the extent and
for the duration provided in § 421-f of the Real Property
Tax Law.
