N.Y. Public Authorities Law 1039 – Exemption from taxation
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* § 1039. Exemption from taxation. The real and personal property of the authority shall be exempt from all taxation, and so shall all of its activities and operations, except that the owners of its bonds and other obligations shall be subject to transfer and estate taxes.
Terms Used In N.Y. Public Authorities Law 1039
- Personal property: All property that is not real property.
* NB Terminated July 1, 1963