The purpose of this article is to set forth and provide the percentage of the real property tax exemption provided for in § 485-b of the Real Property Tax Law that is effective in the Town of Greenburgh. All definitions, terms and conditions of such statute shall apply to this article.
This article shall hereafter be known and cited as the "Business Investment Exemption Law."
The percentages of real property tax exemption provided for in Paragraph (a), Subdivision 2, of § 485-b of the Real Property Tax Law shall be and the same are hereby reduced to 0% pursuant to Subdivision 7 thereof. Such reduced percentages may be increased by appropriate resolution of the Town Board.
Pursuant to New York Municipal Home Rule Law § 22, the provisions of this article are intended to supersede the provisions of Real Property Tax Law § 485-b to the extent that this article and Real Property Tax Law § 485-b are inconsistent.