N.Y. RPT Law § 456
This is the official text of N.Y. RPT Law § 456, part of New York’s RPT Law — part of the compiled statutory law of New York, published by the state as "RPT Law." Browse the sections below, each linked to its official government source.
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Municipal railroads
Official statutory text
§ 456. Municipal railroads. Real property held and used for railroad\npurposes by any corporation, all of the capital stock of which is owned\nby a municipal corporation of this state, shall be exempt from taxation\nand exempt from special ad valorem levies and special assessments to the\nextent provided in section four hundred ninety of this chapter.\n
Status: in_force · Read it on the official government site
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