New York Statutes
§ 1621-N — Tax exemptions
New York § 1621-N
JurisdictionNew York
Law PBAPublic Authorities
Title 21Middletown Parking Authority
Art. 7Parking Authorities
This text of New York § 1621-N (Tax exemptions) 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. Public Authorities § 1621-N (2026).
Text
* § 1621-n. Tax exemptions.
1.It is hereby determined that the\ncreation of the authority and the carrying out of its corporate purposes\nis in all respects for the benefit of the people of the city of\nMiddletown and its environs, and is a public purpose, and the authority\nshall be regarded as performing an essential governmental function in\nthe exercise of the powers conferred upon it by this title and shall be\nrequired to pay no taxes or assessments upon any of the property\nacquired by it or under its jurisdiction or control or supervision or\nupon 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 Repeal
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Nearby Sections
15
§ 1621-A
Short title§ 1621-B
Definitions§ 1621-C
Middletown parking authority§ 1621-H
Moneys of the authority§ 1621-I
Bonds of the authority§ 1621-J
Notes of the authority§ 1621-N
Tax exemptions§ 1621-O
Tax contract by the stateCite This Page — Counsel Stack
Bluebook (online)
New York § 1621-N, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/PBA/1621-N.