[Adopted 4-26-1989 by L.L. No. 1-1989]
The per centum of business investment exemption allowable pursuant to § 485-b of the Real Property Tax Law, effective June 8, 1976 (Laws 1976, Chapter 278, as amended), is reduced to no allowable exemption, as permitted by enactment of local law in accordance with § 485-b, Subdivision (7) of the Real Property Tax Law.