N.Y. PBA Law § 1563*2
This is the official text of N.Y. PBA Law § 1563*2, part of New York’s PBA Law — part of the compiled statutory law of New York, published by the state as "PBA Law." Browse the sections below, each linked to its official government source.
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Tax exemptions
Official statutory text
* § 1563. Tax exemptions. 1. It is hereby determined that the creation\nof the authority and the carrying out of its corporate purposes is in\nall respects for the benefit of the people of the village of Endicott\nand its environs, and is a public purpose, and the authority shall be\nregarded as performing a governmental function in the exercise of the\npowers conferred upon it by this title and shall be required to pay no\ntaxes or assessments upon any of the property acquired by it or under\nits jurisdiction or control or supervision or upon its activities.\n 2. Any bonds or notes issued pursuant to this title, together with the\nincome therefrom, as well as the property of the authority, shall be\nexempt from taxation, except for transfer and estate taxes.\n * NB Dissolved December 31, 1977\n * NB There are 2 § 1563's\n
Status: in_force · Read it on the official government site
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