[Adopted 3-28-1991 by L.L. No. 2-1991 as Ch. 183 of the 1991 Code]
Pursuant to §§ 115 to 120 of the Commerce Law of the State of New York, which establish a Job Incentive Board for the State of New York, and also pursuant to § 485 of the New York Real Property Tax Law,[1] which provides for exemptions on real property taxes and special ad valorem levies for property owners qualifying under the job incentive program, said owners of real property shall be exempt from real property taxation and special ad valorem levies by the City of Auburn, subject to meeting the following requirements:
A. 
Only eligible business facilities as defined by §§ 115 to 120 of the Commerce Law shall qualify.
B. 
The owner or owners must file annual application with the New York State Job Incentive Board and receive a certificate of eligibility. Said certificate must be filed with the City Assessor on or before the taxable status date each year.
C. 
If a certificate is revoked, the property shall be returned to the tax roll; if modified, the exemption shall be recalculated pursuant to §§ 551 and 485 of the Real Property Tax Law of the State of New York.
D. 
The exemption shall be for a period not to exceed nine successive years in accordance with the following schedule:
Year of Exemption
Percentage of Exemption
1
100%
2
80%
3
50%
4
50%
5
30%
6
20%
7
10%
8
5%
9
5%
[1]
Editor's Note: Sections 115 to 120 of the Commerce Law (now the Economic Development Law) were repealed by L. 1983, c. 15. Such provisions, however, continue in effect for those taxpayers who had previously received a certificate of eligibility or an exemption. Section 485 of the Real Property Tax Law was repealed by L. 1988, c. 165. For current provisions see Real Property Tax Law § 485-b.