N.Y. Gen. Mun. Law § 411

Undertaking exempt from taxation

2014-09-22

§ 411. Undertaking exempt from taxation. So long as a municipality\nshall own any undertaking, the property, within the municipality, and\nall revenue of such undertaking shall be exempt from taxation.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.