[Adopted 5-21-1997 by L.L. No. 2-1997]

§ 222-23
Title. 

§ 222-24
Exemption reduced. 

§ 222-25
Effect on projects in course of construction. 

The article shall be known and cited as "Local Law No. 1997-2, Reduction of Business Investment Exemption From Real Property Taxation," pursuant to the provisions of § 485-b of the Real Property Tax Law of the State of New York.

In accordance with the authority granted in Real Property Tax Law § 485-b(7), the Village of Blasdell hereby decreases the percentage of real property taxation and special ad valorem exemption to 0% for real property constructed, altered, installed or improved for the purpose of commercial, business or industrial activity.

Any project in the course of construction granted exemptions prior to the passage of this article shall not be subject to this reduction in exemption.