[Adopted 4-25-1977 by L.L. No. 2-1977]
Pursuant to § 485 of the Real Property
Tax Law[1] under authority of Article 4-A of the Commerce Law,[2] the Town Assessor is hereby directed to grant to certified
business owners or operators tax exemptions on eligible property,
as the same is defined by the aforesaid statutes. Such exemption shall
be granted upon an application by such owner or operator on the form
prescribed by law, to which there shall be attached a copy of a certificate
of eligibility issued by the New York State Job Incentive Board. Upon
a determination by the Assessor that such application is in proper
order, the Assessor shall determine the assessed value of such exemption
in accordance with the certificate of eligibility and enter such value
on the exempt portion of the assessment roll to the extent provided
herein.
[1]
Editor's Note: Section 485 of the Real Property
Tax Law was repealed by L.1988, c. 165, § 5, effective 6-27-1988.
[2]
Editor's Note: The Commerce Law has been redesignated
as the Economic Development Law. Former Article 4-A, added L.1968,
c. 1054, § 2, related to New York State Job Incentive Board,
and was repealed by L.1983, c. 15, § 57, effective 4-1-1983.
Said tax exemption shall be granted to the extent
of 100% of said taxes for a period not to exceed 10 years, and only
so long as the certificate of eligibility is renewed or extended or
by the Job Incentive Board. Said tax exemption shall not apply or
extend to ad valorem levies or special assessments for local improvements.
