Town of Amherst, NY
Erie County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Town Board of the Town of Amherst 2-5-1996 by L.L. No. 2-1996. Amendments noted where applicable.]
GENERAL REFERENCES
Tax exemption for businesses — See Ch. 175, Art. II.
Industrial and commercial tax exemption — See Ch. 175, Art. V.
An Industrial and Commercial Incentive Board for the Town of Amherst consisting of five members is hereby established. The Town Board shall appoint the members and designate one of them as Chairperson by resolution.
The Industrial and Commercial Incentive Board shall, within a time to be fixed by the Town Board, present a report and plan to the Town Board concerning the following:
A. 
The various types of business real property which should be granted eligibility for exemption from taxation and specific ad valorem levies authorized by Real Property Tax Law § 485-b.
B. 
Limiting the applicability of the exemption to specific divisions and major groups as defined in the Standard Industrial Classification Manual published by the United States Government.
C. 
Whether the exemption shall be computed in the manner specified in Subdivision 2 or 12 of Real Property Tax Law § 485-b.
D. 
Specific geographic areas of the Town within which the exemption should be offered.
E. 
Reduction of the per centum of exemption otherwise allowed pursuant to Real Property Tax Law § 485-b.
F. 
The minimum value of construction, alteration, installation or improvement required to qualify for the exemption.
G. 
Other actions deemed desirable to improve the economic climate within the Town.
H. 
Other factors as the Town Board may direct.
In developing the plan and report to the Town Board, the Board shall consider the planning objectives of the Town and the areas thereof within which exemptions pursuant to Real Property Tax Law § 485-b shall be offered, the necessity of the exemption to the attraction or retention of business, the creation or retention of permanent private-sector jobs, the need to allow the exemption to provide employment opportunities and broaden the tax base and other factors the Board deems relevant.