The Village of Rye Brook having previously established a Charitable
Gifts Reserve Fund to receive unrestricted charitable monetary contributions
pursuant to General Municipal Law § 6-u, it is the intent
of this article to allow donors to the Charitable Gifts Reserve Fund
to receive a credit for taxes levied against their real property.
This article is adopted pursuant to Real Property Tax Law § 980-a,
which authorizes municipal corporations to adopt a real property tax
credit if it has established a Charitable Gifts Reserve Fund.