Ordered that the order and interlocutory judgment is affirmed, with costs.
In general terms, RPTL 485-b provides for an exemption from taxation for construction, alterations, installations, or improvements undertaken for the purpose of commercial, business, or industrial activity. Pursuant to RPTL 485-b (2) (b) and (3), the exemption is applicable only to "completed" construction, alterations, installations, or improvements, and, pursuant to RPTL 485-b (3), any application...
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