Pursuant to Real Property Tax Law § 485-b,
Subdivision 7, Laws of 1976, Chapter 278, the per centum of exemption
otherwise allowed by Real Property Tax Law § 485-b, as indicated
by § 485-b, Subdivision 2(a) thereof, is reduced for all
years to 0%, and no exemption from taxation, special ad valorem levies
and service charges shall apply to any real property constructed,
altered, installed or improved for purposes of commercial, business
or industrial activity.