[Adopted 12-29-1971 by L.L. No. 2-1971]
The purpose of this article is to grant incentives
for the expansion of existing businesses in the Town of Massena 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 Massena 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[1] and the other applicable laws of the state, to grant to
business facility owners or operators exemption from taxes and special
ad valorem levies to the extent provided in the aforesaid New York
State laws.
[1]
Editor's Note: Section 485 of the Real Property
Tax Law was repealed by L. 1988, c.165, effective 6-27-1988, which
law provided that local laws or resolutions adopted under former § 485
and in effect prior to 6-27-1988 shall continue in effect for those
owners or operators as designated in Section 6 of said law, except
that no such exemption shall be granted on any assessment roll having
a taxable status date subsequent to 8-1-1999.
B.Â
Said Assessor shall determine the assessed value of
the exemption pursuant to such state laws and shall grant as an exemption
100% thereof for the first five years, thereafter said exemption to
be reduced 50% of the original exemption each year for the next five
years.
Any assessment so granted shall commence with
the assessment roll prepared on the next following taxable status
date of the Town of Massena.
