New York § 305 Tax exemption

New York Statutes

§ 305 — Tax exemption

New York § 305

Law RRDRailroad

Art. 7Railroad Redevelopment Corporations

This text of New York § 305 (Tax exemption) 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. Railroad § 305 (2026).

Text

  § 305. Tax exemption. A railroad redevelopment corporation, during\neach year of its existence as such corporation, shall be exempt from the\npayment of any and all taxes (including, without limitation, franchise,\norganization, income, mortgage recording, excise, sales, and\ncompensating use taxes) to the state, or to any political subdivision\nthereof, or to any officers of any thereof, except taxes and assessments\nlevied or imposed upon the real property of such corporation; and, as to\nsuch taxes or assessments so levied or imposed, such corporation shall\nbe entitled to the exemption provided in section four hundred\nseventy-six of the real property tax law.\n

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§ 305. Tax exemption. A railroad redevelopment corporation, during\neach year of its existence as such corporation, shall be exempt from the\npayment of any and all taxes (including, without limitation, franchise,\norganization, income, mortgage recording, excise, sales, and\ncompensating use taxes) to the state, or to any political subdivision\nthereof, or to any officers of any thereof, except taxes and assessments\nlevied or imposed upon the real property of such corporation; and, as to\nsuch taxes or assessments so levied or imposed, such corporation shall\nbe entitled to the exemption provided in section four hundred\nseventy-six of the real property tax law.\n