CHAPTER 83

BUSINESS TAX EXEMPTION

§ 83.1 Elimination of exemptions granted pursuant to statute

Notwithstanding those provisions of the Real Property Tax Law, § 485‑b, which provide exemptions from real property tax increases attributable to certain construction, alterations, installations or improvements to or upon real property for the purpose of commercial, business or industrial activity, as specified therein, and pursuant to the specific grant of authority contained in § 485‑b, Subdivision 7, the per centum of exemption otherwise allowed pursuant to § 485‑b, Subdivision 2(a), of the Real Property Tax Law is hereby reduced to zero per centum (0%) for each year for which an exemption is allowed pursuant to § 485‑b, Subdivision 2(a), of the Real Property Tax Law.

HISTORICAL NOTE

This Chapter is a codification of Local Law #2 of the year 1977 without any substantive changes.

References:

Business investment exemption. RPTL § 485-b

county, city, town or village may by local law reduce the per centum exemption. A copy of such local law shall be filed with the state board of equalization and assessment and the village assessor. RPTL § 485-b(7)

failure of school board to file copy of resolution reducing exemption does not invalidate same. 8 Op. Counsel SBEA No. 76.

Tax exemption for eligible business facilities, RPTL § 485 was repealed by L. 1988, c. 165, § 5, eff 6/27/88. See savings provisions of § 6.