[Adopted 7-21-1997 by L.L. No. 4-1997]
[Amended 5-7-2001 by L.L. No. 6-2001]
A. 
The report and recommendation of the Industrial and Commercial Incentive Board, dated January 1997, as commissioned in Chapter 25 of the Town Code, is hereby adopted.
B. 
The Supplemental Report and Recommendation of the Industrial and Commercial Incentive Board, dated April 2001 is hereby adopted.
C. 
The Final Report and Recommendation of the Industrial and Commercial Incentive Board dated September 2011 is hereby adopted.
[Added 10-17-2011 by L.L. No. 26-2011]
[Amended 3-5-2001 by L.L. No. 2-2001; 5-7-2001 by L.L. No. 6-2001; 10-17-2011 by L.L. No. 26-2011]
A. 
Eligibility for exemption from taxation and specific ad valorem levies authorized by Real Property Tax Law § 485-b shall be available in the following classification categories:
(1) 
Enhancement areas, as shown on the maps of enhancement areas set forth in the Final Report and Recommendation of the Industrial and Commercial Incentive Board dated September 2011 which are hereby adopted by reference and declared to be part of this article. The maps of the enhancement areas shall be maintained on file in the office of the Town Clerk, Town Assessor and the Planning and Building Departments.
B. 
Eligibility for exemption shall be restricted to those businesses which are found only in the designated enhancement areas and have an eligible land use classification as delineated in the North American Industry Classification System (NAICS).
[Amended 5-7-2001 by L.L. No. 6-2001; 10-17-2011 by L.L. No. 26-2011]
A. 
The cost of construction, alteration, installation or improvement of eligible properties must exceed $50,000 to qualify for the exemption as computed pursuant to Subdivision 2 of § 485-b of the New York State Real Property Tax Law.
The Town Board shall periodically reconvene an Industrial and Commercial Incentive Board for the purpose of reviewing the impact of the New York State Real Property Tax Law § 485-b program, including the defined enhancement areas. The reconvened Incentive Board shall, upon conclusion of its review, report back to the Amherst Town Board with recommendations.
[1]
Editor's Note: Former § 175-22, Computation of exemption, was repealed 5-7-2001 by L.L. No. 6-2001. See now § 175-21.