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The Laws of New York
Consolidated Laws of New York
CHAPTER 43-A
Public Authorities
ARTICLE 8
Miscellaneous Authorities
TITLE 29
Development Authority of the North Country Act
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SECTION 2718
Limitation of liability; indemnification
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TITLE 29
Development Authority of the North Country Act
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SECTION 2720
Assistance by state officers, departments, boards and commissions
This entry was published on 2014-09-22
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SECTION 2719
Exemption from taxation of property and income
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 8, TITLE 29
§ 2719. Exemption from taxation of property and income. The property
of the authority, and its income and operations shall be exempt from
taxation or assessments of every kind and nature; nor shall the
authority be required to pay any filing or recording fee or transfer tax
of any kind on account of instruments filed or recorded by it or on its
behalf. Mortgages made or financed (directly or indirectly) by the
authority shall be exempt from the mortgage recording taxes imposed by
article eleven of the tax law.