§ 398-21. Initial effect.

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Pursuant to N.J.S.A. 40A:21-4, no application for an exemption under this article shall be filed for an exemption which would take initial effect in the year 2005 (the eleventh full tax year occurring after the adoption of the City's Five-Year Tax Exemption Ordinance, which was adopted in 1994), or any subsequent year unless the ordinance is readopted by the governing body.

                    
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