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This entry was published on 2014-09-22
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SECTION 64
Tax exemptions
Transportation (TRA) CHAPTER 61-A, ARTICLE 2-D
§ 64. Tax exemptions. 1. The Utica transit authority shall be exempt
from the payment of (a) any taxes or fees to the state or any
subdivision thereof, (b) any fees to any officer or employee of the
state or of any subdivision thereof, except where it is provided by or
pursuant to law that such officer or employee is personally entitled to
such fees as compensation for services rendered or performed by him in
his official capacity.

2. Bonds, mortgages, notes and other obligations of the Utica transit
authority are declared to be issued for a public purpose and to be
public instrumentalities and together with interest thereon, shall be
exempt from tax.

3. The property of the Utica transit authority shall be exempt from
all local and municipal taxes. The Utica transit authority may agree
with any municipality within the Utica transit authority's jurisdiction
that such municipality will (a) fix a sum which shall be paid to it
annually by the Utica transit authority in respect of each municipal
project; or (b) agree that the Utica transit authority shall not pay or
be liable to pay any sum whatsoever in respect of a municipal project or
projects for any year or years; or (c) agree with the Utica transit
authority upon the sum to be paid by the Utica transit authority for any
year or years in respect of a municipal project or projects, or accept
or agree to accept a fixed sum or other consideration in lieu of such
payment; provided, however, that the sum fixed, or agreed to be paid by
the Utica transit authority, for any year shall in no case exceed the
sum last levied as an annual tax upon the property included in such
project prior to the time of its acquisition by the Utica transit
authority.