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This entry was published on 2014-09-22
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SECTION 2568
Exemption from taxation
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 27
§ 2568. Exemption from taxation. It is hereby found, determined and
declared that the creation of the corporation and the carrying out of
its purposes is in all respects for the benefit of the people of the
state and is a public purpose, and that the corporation will be
performing an essential governmental function in the exercise of the
powers conferred upon it by this title. The corporation and its
operations, property and moneys shall be free and exempt from taxation
of every kind by the city and the state and any subdivision thereof.
Except as hereinabove provided and except as may otherwise specifically
be provided, nothing contained in this title shall confer exemption from
any tax, assessment or fee upon any person, firm, corporation or other
entity, or upon the obligations of any of them.