New York § 103 Exemption from taxation

New York Statutes

§ 103 — Exemption from taxation

New York § 103

Law RATRapid Transit

Art. 9Miscellaneous

This text of New York § 103 (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. Rapid Transit § 103 (2026).

Text

  § 103. Exemption from taxation.  The bonds and securities issued by\nthe city and the income or profits therefrom, the railroads and property\nowned by the city and the gross receipts or income derived from such\nrailroads and property or from the operation thereof, and the\ntransportation or right to or privilege of transportation of persons or\nproperty upon any such railroads, shall at all times be free from\ntaxation or assessment by the state or by any subdivision thereof.\n

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§ 103. Exemption from taxation. The bonds and securities issued by\nthe city and the income or profits therefrom, the railroads and property\nowned by the city and the gross receipts or income derived from such\nrailroads and property or from the operation thereof, and the\ntransportation or right to or privilege of transportation of persons or\nproperty upon any such railroads, shall at all times be free from\ntaxation or assessment by the state or by any subdivision thereof.\n