1840-T - Tax abatement plan. - New York Statutes

§ 1840-t. Tax abatement plan. On or before February first, nineteen hundred eighty, the counties of Nassau and Suffolk shall formulate a tax abatement plan designed to encourage expansion of existing business and construction of new facilities in the bi-county region. Said plan shall be consistent with the policies and powers of the authority as set forth in the provisions of this title. The plan shall be adopted by the board of supervisors of Nassau county and the county legislature of Suffolk county and submitted to the authority on or before the aforesaid date. The authority shall thereafter draft legislation outlining the terms of the tax abatement plan and submit the same to the New York state legislature for adoption.