[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.
