[HISTORY: Adopted by the Town Board of the Town of West Seneca 2-29-2016 by L.L. No. 6-2016. Amendments noted where applicable.]
Pursuant to the provisions contained in § 485-b of
the Real Property Tax Law, the Town of West Seneca hereby establishes
a board to be known as the "Industrial and Commercial Incentive Board"
(the "ICIB").
The ICIB shall consist of five members, including a Chairman,
to be appointed by the Town Board by resolution.
A.
The ICIB shall have the powers and duties prescribed by § 485-b
of the Real Property Tax Law of the State of New York and shall present
a plan to the Town Board of the Town of West Seneca concerning the
various types of business and real property which should be granted
eligibility for such exemption.
B.
The ICIB shall, within a time to be fixed by the Town Board, present
a report and plan to the Town Board concerning the following:
(1)
The various types of business real property which should be granted
eligibility for exemption from taxation and specific ad valorem levies
authorized by Real Property Tax Law § 485-b.
(2)
Limiting the applicability of the exemption to specific divisions
and major groups as defined in the Standard Industrial Classification
Manual published by the United States Government.
(3)
Whether the exemption shall be computed in the manner specified in
Subdivision 2 or 12 of Real Property Tax Law § 485-b.
(4)
Specific geographic areas of the Town within which the exemption
should be offered.
(5)
Reduction of the per centum of exemption otherwise allowed pursuant
to Real Property Tax Law § 485-b.
(6)
The minimum value of construction, alteration, installation or improvement
required to qualify for the exemption.
(7)
Other actions deemed desirable to improve the economic climate within
the Town.
(8)
Other factors as the Town Board may direct.
In developing the plan and report to the Town Board, the ICIB
shall consider:
A.
The planning objectives of the Town and the areas thereof within
which exemptions pursuant to Real Property Tax Law § 485-b
shall be offered;
B.
The necessity of the exemption to the attraction or retention of
business;
C.
The creation or retention of permanent private sector jobs;
D.
The need to allow the exemption to provide employment opportunities
and broaden the tax base; and
E.
Other factors the ICIB deems relevant.
