There Is a Newer Version
of
the New York Consolidated Laws
2021 New York Laws
RAT - Rapid Transit
Article 9 - Miscellaneous
103 - Exemption From Taxation.
Universal Citation:
NY Rapid Trans L § 103 (2021)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 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.
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