[Adopted 2-21-1978 by L.L. No. 1-1978 as § 88-A
of the City Charter]
[Amended 4-4-1994 by L.L. No. 1-1994]
The Commissioner of Accounts shall have the power and be charged
with the duty to carry out the purpose and intent of former Article
4-A of the Commerce Law, former § 485 of the Real Property
Tax Law and the other applicable laws of the State of New York to
grant exemptions to eligible business facility owners or operators,
as property included in such facility, and such exemptions shall be
continued from year to year during the specified period only if the
certificate of eligibility with respect to such business facility
is not revoked or modified and is renewed or extended as provided
by former § 120 of the Commerce Law.
Such exemption shall be granted only upon an application by
the owner or operator of such facility on a form prescribed by the
New York State Job Incentive Board, to which there shall be attached
a copy of the certificate of eligibility issued by the New York State
Job Incentive Board. Such application shall be filed with the appropriate
assessing authorities on or before the appropriate taxable status
dates. Copies of such applications shall be filed simultaneously with
the New York State Job Incentive Board and the State Board of Equalization
and Assessment.
The Commissioner of Accounts shall consider the application
for such exemption and, if the same is in order, shall determine the
assessed value of such exemption in accordance with the above-mentioned
certificate of eligibility issued pursuant to § 120 of the
Commerce Law of the State of New York and enter such value on the
exempt portion of the assessment roll. The eligible business facility
shall then be exempt to the extent provided by this article from taxes
and special ad valorem levies commencing with the assessment roll
prepared on the next following taxable status date.
Any exemption so granted by the Commissioner of Accounts shall
commence with the assessment roll prepared on the next following taxable
status date of the City of Saratoga Springs.
