The Town Board of the Town of East Hampton,
pursuant to the provisions of § 485-b, Subdivision 7, of
the Real Property Tax Law, hereby reduces the per centum of exemption
otherwise allowed by said § 485-b to zero.
This local law shall take effect immediately.
In addition to the customary filings of local
laws, the Town Clerk is hereby directed to file a copy of this law
with the New York State Board of Equalization and Assessment.