§ 2642-H — Exemption from taxation

New York § 2642-H

• Jurisdiction: New York
• Law PBA: Public Authorities
• Title 28-AA: Chautauqua, Cattaraugus, Allegany and Steuben Southern Tier Extension Railroad Authority
• Art. 8: Miscellaneous Authorities

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§ 2642-h. Exemption from taxation. 1. It is hereby determined that the\ncreation of the authority and the carrying out of its purposes under\nthis title are in all respects for the benefit of the people of the\nstate of New York and is a public purpose. Accordingly, the authority\nshall be regarded as performing an essential governmental function in\nthe exercise of the powers conferred upon it by this title, and the\nauthority shall not be required to pay any fees, taxes, special ad\nvalorem levies or assessments of any kind, whether state or local,\nincluding but not limited to fees, taxes, special ad valorem levies or\nassessments on real property, franchise taxes, sales taxes or other\ntaxes, upon or with respect to any property owned by it or under its\njurisdiction, control or supervision, or upon the uses thereof, or upon\nor with respect to its activities or operations in furtherance of the\npowers conferred upon it by this title, or upon or with respect to any\nfares, tolls, rentals, rates, charges, fees, revenues or other income\nreceived by the authority.\n 2. Notwithstanding subdivision one of this section, the authority or\nany lessees of the authority shall be required to pay water and sewer\nfees, water and sewer assessments or water and sewer special ad valorem\nlevies.\n 3. The authority may pay, or may enter into agreements with any\nmunicipality, including school districts, to pay, a sum or sums annually\nor otherwise or to provide other considerations with respect to real\nproperty owned by the authority located within such municipality.\n