N.Y. PBA Law § 1862
This is the official text of N.Y. PBA Law § 1862, 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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Exemption from taxation of bonds and notes
Official statutory text
§ 1862. Exemption from taxation of bonds and notes. The state\ncovenants with the purchasers and with all subsequent holders and\ntransferees of bonds and notes, in consideration of the acceptance of\nand payment for the bonds and notes, that the bonds and notes and the\nincome therefrom, and all moneys, funds and revenues pledged to pay or\nsecure the payment of such bonds and notes shall at all times be free\nfrom taxation, except for estate and gift taxes and taxes on transfers.\n
Status: in_force · Read it on the official government site
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