[Adopted 1-24-1979 by L.L. No. 1-1979]
The purpose of this article is to grant an incentive for the expansion of existing businesses in the Town of Batavia and the location of new businesses in said town by granting tax exemptions to said businesses for periods as specified herein.
The Assessor of the Town of Batavia shall have the power and be charged with the duty to carry out the purpose and intent of Article 4-A of the Commerce Law,[1] § 485 of the Real Property Tax Law[2] and the other applicable laws of the state to grant to business facility owners or operators exemptions from taxes and special ad valorem levies to the extent provided in the aforementioned New York State laws.
[1]
Editor's Note: Article 4-A of the Commerce Law (now the Economic Development Law) was repealed by L. 1983, c. 15.
[2]
Editor's Note: Section 485 of the Real Property Tax Law was repealed by L. 1988, c. 165.
Said Assessor shall determine the assessed value of the exemption pursuant to such state laws and shall grant as an exemption 100% thereof for 10 years.
Any exemption so granted shall commence with the assessment roll prepared on the next following taxable status date of the Town of Batavia.