Legislation
SECTION 485-C
Exemption from taxation of real property used in manufacture of steel in cities of fifty thousand or more persons
Real Property Tax (RPT) CHAPTER 50-A, ARTICLE 4, TITLE 2
§ 485-c. Exemption from taxation of real property used in manufacture
of steel in cities of fifty thousand or more persons. Notwithstanding
the provisions of any law to the contrary, blast furnaces, open hearth
furnaces, soaking pits and coke ovens which are used in the manufacture
of steel, and all tanks, towers and stills which are used in processing
gases and liquids produced by such coke ovens owned by a corporation
taxable under article nine-A of the tax law and located within a city
with a population of fifty thousand or more shall be exempt from
taxation.
of steel in cities of fifty thousand or more persons. Notwithstanding
the provisions of any law to the contrary, blast furnaces, open hearth
furnaces, soaking pits and coke ovens which are used in the manufacture
of steel, and all tanks, towers and stills which are used in processing
gases and liquids produced by such coke ovens owned by a corporation
taxable under article nine-A of the tax law and located within a city
with a population of fifty thousand or more shall be exempt from
taxation.