[Adopted 9-13-1999 by L.L. No. 6-1999]
The appropriate geographic area for Real Property
Tax Law § 485-b coverage shall be the entire Town of Wappinger,
so long as the uses entitled to exemption constitute permitted uses
in the zoning districts where new development and construction is
proposed.
In the Town of Wappinger, the exemption shall
apply only to capital investments in excess of $50,000.
The exemption schedule should be as follows:
|
Year of Exemption
|
Percentage of Exemption
|
|---|---|
|
1
|
50%
|
|
2
|
50%
|
|
3
|
50%
|
|
4
|
40%
|
|
5
|
30%
|
|
6
|
20%
|
|
7
|
10%
|
|
8
|
10%
|
|
9
|
10%
|
|
10
|
5%
|
The SIC categories entitled to exemption within the Town of Wappinger should be those identified upon Appendix A annexed hereto.[1]
[1]
Editor's Note: Appendix A is included at the end of this chapter.
