[Adopted 1-11-1989 as L.L. No. 1-1989]
The real property tax exemption percentage as set forth in Subdivision 2(a) of § 485-b of the Real Property Tax Law of the State of New York be and the same is hereby reduced to 0%.
This article shall not apply to or affect a project in the course of construction and exemptions existing prior in time to the passage of this article.