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, 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%
|