New York § 3414 Exemption from taxes and certain fees

New York Statutes

§ 3414 — Exemption from taxes and certain fees

New York § 3414

Law PBAPublic Authorities

Title 2Nassau Health Care Corporation

Art. 10-CNew York Health Care Corporations

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Bluebook

N.Y. Public Authorities § 3414 (2026).

Text

§ 3414. Exemption from taxes and certain fees.

1.The corporation\nshall not be required to pay any fees, taxes or assessments of any kind,\nexcept as provided by the public health law, whether state or local,\nincluding but not limited to fees or taxes on real property, franchise\ntaxes, sales taxes or other excise taxes, upon any property owned by it\nor under its jurisdiction, control or supervision and used for a public\npurpose, or upon the uses thereof, or upon its activities in the\noperation and maintenance of its facilities used for a public purpose,\nor any revenues or other income received by the corporation from public\npurpose activities. The foregoing shall not, however, limit the county\nfrom receiving rentals, fees or other consideration pursuant to\nagreements negotiated

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§ 3414. Exemption from taxes and certain fees. 1. The corporation\nshall not be required to pay any fees, taxes or assessments of any kind,\nexcept as provided by the public health law, whether state or local,\nincluding but not limited to fees or taxes on real property, franchise\ntaxes, sales taxes or other excise taxes, upon any property owned by it\nor under its jurisdiction, control or supervision and used for a public\npurpose, or upon the uses thereof, or upon its activities in the\noperation and maintenance of its facilities used for a public purpose,\nor any revenues or other income received by the corporation from public\npurpose activities. The foregoing shall not, however, limit the county\nfrom receiving rentals, fees or other consideration pursuant to\nagreements negotiated with the corporation. The corporation shall at all\ntimes be exempt from any filing, mortgage recording or transfer fees or\ntaxes in relation to instruments filed, recorded or transferred by it or\non its behalf. The construction, use, occupation, lease or possession of\nany property owned by the corporation or the county, including\nimprovements thereon, by any person or public corporation under\nagreement with the corporation or the county shall not operate to\nabrogate or limit the foregoing exemption, notwithstanding that the\nlessee, user, occupant or person in possession shall claim ownership for\nfederal income tax purposes.\n 2. Any bonds issued pursuant to this title together with the income\ntherefrom as well as the property of the corporation shall at all times\nbe exempt from taxes, except for transfer and estate taxes. The state\nhereby covenants with the purchasers and with all subsequent holders and\ntransferees of bonds issued by the corporation pursuant to this title,\nin consideration of the acceptance of and payment for the bonds, that\nthe bonds of the corporation issued pursuant to this title and the\nincome therefrom and all revenues, monies, and other property pledged to\nsecure the payment of such bonds shall at all times be free from\ntaxation, except for transfer and estate taxes.\n