[Adopted 12-6-1976 by L.L. No. 5-1976]
The purpose of this article is to provide for the reduction of the per centum of the real property tax exemption provided for in § 485-b (Chapter 278 of the Laws of 1976), Subdivision 2(a), of the Real Property Tax Law.
The real property tax exemption percentage as set forth in Subdivision 2(a) of § 485-b (Chapter 278 of the Laws of 1976) of the Real Property Tax Law be and the same and, pursuant to Subdivision 7 thereof, is hereby reduced to 0%.