There is a newer version of the New York Consolidated Laws
2022
2021
2020
2019
2018
Other previous versions
View our newest version here

2015 New York Laws
RAT - Rapid Transit
Article 9 - (Rapid Transit) MISCELLANEOUS
103 - Exemption from taxation.

NY Rapid Trans L § 103 (2015) What's This?
  103.  Exemption from taxation.   The bonds and securities issued by
  the city and the income or profits therefrom, the railroads and property
  owned by the city and the gross receipts or  income  derived  from  such
  railroads   and   property  or  from  the  operation  thereof,  and  the
  transportation or right to or privilege of transportation of persons  or
  property  upon  any  such  railroads,  shall  at  all times be free from
  taxation or assessment by the state or by any subdivision thereof.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.