[Adopted 6-26-1978 by L.L. No. 5-1978]
The Village Assessor shall have the power and
be charged with the duty to carry out the intent and purpose of Article
4-A of the Commerce Law,[1] § 485 of the Real Property Tax Law and the other
applicable laws of the state, to grant to business facility owners
or operators, exemption from real estate taxes and special ad valorem
taxes to the extent provided in the aforementioned New York State
Laws.
[1]
Editor's Note: Article 4-A of the Commerce
Law was repealed by L.1983, c. 15, § 57, effective 4-1-1983.
This tax exemption shall be granted to business
facility owners or operators who, prior to the status date, file with
the Village Assessor an application on a form prescribed by the Board,
together with a certificate of eligibility issued by the New York
State Job Incentive Board created by § 116 of the Commerce
Law.[1]
[1]
Editor's Note: Section 116 of the Commerce
Law was repealed by L.1983, c. 15, § 57, effective 4-1-1983.
Upon submission of the aforesaid application
and the certificates, the Village Assessor shall consider the application
for exemption or tax credit and, if found to be in order, determine
the assessed value of said property in accordance with the certificate
of eligibility and enter such value on the exempt portion of the assessment
roll.
The Village Assessor shall grant a 100% tax
credit or exemption, and said exemption shall continue from year to
year for a maximum of 10 years for each eligible facility, unless
eligibility is revoked or modified by the New York State Job Incentive
Board.
