N.Y. ISC Law § 5225
This is the official text of N.Y. ISC Law § 5225, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Exemption from taxation
Official statutory text
§ 5225. Exemption from taxation. The corporation shall be exempt from\nall taxes and fees now or hereafter imposed by the state, or by any\ncounty, municipality or local authority or subdivision, except that any\nreal property owned by the corporation shall be subject to county,\nmunicipal or local taxation to the same extent according to its value as\nother similar real property is taxed and that the corporation shall be\nsubject to the fees imposed pursuant to section two hundred two of the\nvehicle and traffic law.\n
Status: in_force · Read it on the official government site
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