New York § 286 Taxation and exemption of property held in fund; exemption of mortgages from mortgage recording tax

New York Statutes

§ 286 — Taxation and exemption of property held in fund; exemption of mortgages from mortgage recording tax

New York § 286

Law BNKBanking

Art. 6-BFund For Insuring Deposits In Savings Banks And/or Otherwise Protecting Depositors

This text of New York § 286 (Taxation and exemption of property held in fund; exemption of mortgages from mortgage recording tax) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Banking § 286 (2026).

Text

  § 286. Taxation and exemption of property held in fund; exemption of\nmortgages from mortgage recording tax. The fund and the income thereof\nshall be exempt from all taxation now or hereafter imposed by the state\nof New York or by any county, municipality or local authority or\nsubdivision, except that any real property constituting an asset of the\nfund shall be subject to city, county, municipal or local taxation to\nthe same extent according to its value as other similar real property is\ntaxed. Mortgages executed by the fund and/or its trustee shall be exempt\nfrom the mortgage recording taxes imposed by article eleven of the tax\nlaw.\n

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§ 286. Taxation and exemption of property held in fund; exemption of\nmortgages from mortgage recording tax. The fund and the income thereof\nshall be exempt from all taxation now or hereafter imposed by the state\nof New York or by any county, municipality or local authority or\nsubdivision, except that any real property constituting an asset of the\nfund shall be subject to city, county, municipal or local taxation to\nthe same extent according to its value as other similar real property is\ntaxed. Mortgages executed by the fund and/or its trustee shall be exempt\nfrom the mortgage recording taxes imposed by article eleven of the tax\nlaw.\n