Source: https://ecode360.com/13351212
Timestamp: 2019-04-21 22:21:15+00:00

Document:
§ 14-3 Powers and duties; reports.
§ 14-4 Considerations for exemptions.
Taxation — See Ch. 189.
Pursuant to the provisions contained in § 485-b of the Real Property Tax Law, the Town of Tonawanda hereby establishes a board to be known as the "Industrial and Commercial Incentive Board" (hereinafter referred to as "ICIB").
The ICIB shall consist of five members, including a Chairman, to be appointed by the Town Board by resolution.
Powers and duties. The ICIB shall have the powers and duties prescribed by § 485-b of the Real Property Tax Law of the State of New York and shall present a plan to the Town Board of the Town of Tonawanda concerning the various types of business and real property which should be granted eligibility for such exemption.
The various types of business real property which should be granted eligibility for exemption from taxation and specific ad valorem levies authorized by Real Property Tax Law § 485-b.
Limiting the applicability of the exemption to specific divisions and major groups as defined in the Standard Industrial Classification Manual published by the United States Government.
Whether the exemption shall be computed in the manner specified in Subdivision 2 or 12 of Real Property Tax Law § 485-b.
Specific geographic areas of the Town within which the exemption should be offered.
Reduction of the per centum of exemption otherwise allowed pursuant to Real Property Tax Law § 485-b.
The minimum value of construction, alteration, installation or improvement required to qualify for the exemption.
Other actions deemed desirable to improve the economic climate within the Town.
Other factors as the Town Board may direct.
Other factors the ICIB deems relevant.

References: § 14
 § 485
 § 485
 § 485
 § 485
 § 485