New York § 3019 Exemption from taxation

New York Statutes

§ 3019 — Exemption from taxation

New York § 3019

Law PBAPublic Authorities

Title 2General Provisions Relating to Municipal Assistance Corporations

Art. 10New York State Municipal Assistance Corporation Act

This text of New York § 3019 (Exemption from taxation) 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 § 3019 (2026).

Text

§ 3019. Exemption from taxation.

1.It is hereby determined that the\ncreation of a corporation and the carrying out of its corporate purpose\nis in all respects a public and governmental purpose for the benefit of\nthe people of the state and for the improvement of their health, safety,\nwelfare, comfort and security, and that said purposes are public\npurposes and that a corporation will be performing an essential\ngovernmental function in the exercise of the powers conferred upon it by\nthis act.\n 2. The property of a corporation and its income and operations shall\nbe exempt from taxation.\n 3. The notes and bonds of a corporation issued pursuant to authority\ngranted in the special act creating it or this act and the income\ntherefrom and all its fees, charges, gifts, grants, rev

Free access — add to your briefcase to read the full text and ask questions with AI

§ 3019. Exemption from taxation. 1. It is hereby determined that the\ncreation of a corporation and the carrying out of its corporate purpose\nis in all respects a public and governmental purpose for the benefit of\nthe people of the state and for the improvement of their health, safety,\nwelfare, comfort and security, and that said purposes are public\npurposes and that a corporation will be performing an essential\ngovernmental function in the exercise of the powers conferred upon it by\nthis act.\n 2. The property of a corporation and its income and operations shall\nbe exempt from taxation.\n 3. The notes and bonds of a corporation issued pursuant to authority\ngranted in the special act creating it or this act and the income\ntherefrom and all its fees, charges, gifts, grants, revenues, receipts\nand other moneys received or to be received, pledged to pay, or secure\nthe payment of, such notes or bonds shall at all times be free from\ntaxation, except for estate and gift taxes and taxes on transfers.\n