§ 479. Fallout shelter facilities. 1. Any real property constructed,
altered or improved as or to include a fallout shelter facility
complying with the provisions of the New York state defense emergency
act and the plan, regulations and orders of the state civil defense
commission promulgated thereunder shall be exempt from taxation and from
special ad valorem levies and special assessments to the extent that the
increase in the value of the real property is attributable to the
fallout shelter facility, within the limits provided by subdivision two
hereof.

2. No exemption from taxation, special ad valorem levy or special
assessments shall be allowed in an amount greater than one hundred
dollars multiplied by the number of occupants which such fallout shelter
facility is designed to accommodate in accordance with such plan,
regulations and orders of the state civil defense commission.