[HISTORY: Adopted by the Town Board of the
Town of Islip 7-17-79 as Local Law No. 9, 1979. Amendments noted where applicable.]
The purpose and intent of this local law is
to grant incentive for the expansion of existing businesses in the
Town of Islip and the location of new businesses in said Town by granting
tax exemptions to said businesses for periods as specified herein.
A.Â
The Assessor of the Town of Islip shall have the power
and be charged with the duty to carry out the purpose and intent of
Article 4-A of the Commerce Law, § 485 of the Real Property
Tax Law and other applicable laws of the State of New York, to grant
to business facility owners or operators exemptions from taxes and
special ad valorem levies to the extent provided in the aforesaid
New York State laws.
B.Â
The Assessor shall determine the assessed value of
the exemption pursuant to such state laws and shall grant as an exception
one hundred percent (100%) thereof for the first year and eighty percent
(80%) thereof for the second year for a period of two (2) years.
[Amended 9-21-82 by L.L.
No. 4, 1982]
Any assessment so granted shall commence with
the assessment roll prepared on the next following taxable status
date of the Town of Islip.
If any clause, sentence, paragraph, section
or part of this local law shall be adjudged by any court of competent
jurisdiction to be invalid, the judgment shall not affect, impair
or invalidate the remainder of this local law but shall be confined
in its operation to the clause, sentence, paragraph, section or part
of this local law that shall be directly involved in the case or controversy
in which such judgment shall have been rendered.
This local law shall be effective immediately.
