New York § 2719 Exemption from taxation of property and income

New York Statutes

§ 2719 — Exemption from taxation of property and income

New York § 2719

Law PBAPublic Authorities

Title 29Development Authority of the North Country Act

Art. 8Miscellaneous Authorities

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Bluebook

N.Y. Public Authorities § 2719 (2026).

Text

  § 2719. Exemption from taxation of property and income. The property\nof the authority, and its income and operations shall be exempt from\ntaxation or assessments of every kind and nature; nor shall the\nauthority be required to pay any filing or recording fee or transfer tax\nof any kind on account of instruments filed or recorded by it or on its\nbehalf. Mortgages made or financed (directly or indirectly) by the\nauthority shall be exempt from the mortgage recording taxes imposed by\narticle eleven of the tax law.\n

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§ 2719. Exemption from taxation of property and income. The property\nof the authority, and its income and operations shall be exempt from\ntaxation or assessments of every kind and nature; nor shall the\nauthority be required to pay any filing or recording fee or transfer tax\nof any kind on account of instruments filed or recorded by it or on its\nbehalf. Mortgages made or financed (directly or indirectly) by the\nauthority shall be exempt from the mortgage recording taxes imposed by\narticle eleven of the tax law.\n