[Adopted 3-7-1977 by L.L. No. 5-1977 (Ch. 40, Art. III, of the 1979 Code)]
The business investment exemption provided under § 485-b of the Real Property Tax Law shall be reduced to 0% of the increase in assessed value of the real property attributable to any construction, alteration, installation or improvement and, therefore, that said business investment exemption shall be and hereby is eliminated.