[Adopted 11-25-2008 by L.L. No. 1-2008[1]]
[1]
Editor’s Note: This local law also repealed former Art.
II, Alternative Veterans Exemption, adopted 11-12-1984 by L.L. No.
2-1984.
It is the legislative intent of the within article to repeal
Local Law No. 2 for the year 1984. Local Law No. 2-1984 provided that
alternative veterans exemptions authorized by Real Property Tax Law
§ 458-a would not be allowed. By repealing Local Law No.
2-1984, alternative veterans exemptions would now be allowed. It is
the further legislative intent of the within article to exercise the
option relative to limitations of the exemption of taxation as provided
in Real Property Tax Law § 458-a(2)(d)(ii) so as to permit
the maximum exemption allowable in Real Property Tax Law Section 458-a(2),
Paragraphs a, b and c to be limited to $12,000, $8,000 and $40,000
respectively.
Local Law No. 2-1984 be, and the same hereby is repealed.
The maximum exemption allowable in Paragraphs a, b and c of
Subdivision 2 of the Real Property Tax Law § 458-a be, and
the same hereby are, established at $12,000, $8,000 and $40,000 respectively.
The within article shall be effective immediately upon passage
subject to Real Property Tax Law § 458-a(4).
