ARTICLE VI, Business Investment Exemption

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ARTICLE VI, Business Investment Exemption

§ 215-30. Purpose.

The purpose of this article is to repeal Local Law No. 1, 1989 which reduced the business investment exemption to zero in order to reinstitute the exemption under Real Property Tax Law § 485-b.

§ 215-31. Repeal of prior law.

Local Law No. 1, 1989 and all other local laws, ordinances, rules and regulations inconsistent with this article are hereby repealed.

§ 215-32. Business investment exemption.

The business investment exemption and all other provisions in Real Property Tax Law § 485-b are hereby reinstituted.

§ 215-33. Effective date.

This article shall take effect June 1, 1997.