Village of Old Westbury, NY
Nassau County
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Table of Contents
Table of Contents
[Adopted 12-23-1976 by L.L. No. 3-1976]
Pursuant to § 485-b of the Real Property Tax Law of the State of New York (added by Chapter 278 of the Laws of 1976), entitled "Business Investment Exemption," the Village hereby exercises the option granted by Subdivision 7 of § 485-b and hereby reduces the percent of the exemption otherwise allowed by said chapter to zero, i.e., the extent of the exemption shall be zero percent 0% of the increase in assessed value attributable to any qualified construction, alteration, installation or improvement otherwise defined in said section, and said zero percentage shall continue to apply to such increase in assessed valuation in each and every year hereafter.