N.Y. General Municipal Law 959-A – Rescinding of local incentives
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§ 959-a. Rescinding of local incentives. Should a certified business enterprise in an empire zone be decertified, any local incentive provided by such municipality may be rescinded by local law or resolution by the governing body of such municipality, notwithstanding subdivision five of § 485-e of the real property tax law.
Terms Used In N.Y. General Municipal Law 959-A
- Empire zone: shall mean an area within the state that has been designated as an empire zone pursuant to this article and:
(i) all empire zones designated under paragraph (i) of subdivision (a) and subdivision (d) of section nine hundred fifty-eight of this article shall be referred to as "investment zones" and shall be wholly contained within up to three distinct and separate contiguous areas; provided, however, that empire zones designated prior to the enactment of this paragraph shall identify up to three distinct and separate contiguous areas, which shall equal up to their total allotted acreage at the time of designation by January first, two thousand six. See N.Y. General Municipal Law 957 - Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.