Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - PUBLIC AUTHORITIESArticle 8 - MISCELLANEOUS AUTHORITIES
Title 29 - DEVELOPMENT AUTHORITY OF THE NORTH COUNTRY ACT
Section 2719 - Exemption from taxation of property and income

N.Y. Pub. Auth. Law § 2719

Download
PDF
Current through 2024 NY Law Chapter 553
Section 2719 - Exemption from taxation of property and income

The property of the authority, and its income and operations shall be exempt from taxation or assessments of every kind and nature; nor shall the authority be required to pay any filing or recording fee or transfer tax of any kind on account of instruments filed or recorded by it or on its behalf. Mortgages made or financed (directly or indirectly) by the authority shall be exempt from the mortgage recording taxes imposed by article eleven of the tax law.

N.Y. Pub. Auth. Law § 2719