New York § 305 - 305Tax exemption
Full text of New York New York Consolidated Laws § 305 — 305Tax exemption, with citation guidance and answers to common questions.
§ 305. 305Tax exemption
§ 305. Tax exemption. A railroad redevelopment corporation, during each year of its existence as such corporation, shall be exempt from the payment of any and all taxes (including, without limitation, franchise, organization, income, mortgage recording, excise, sales, and compensating use taxes) to the state, or to any political subdivision thereof, or to any officers of any thereof, except taxes and assessments levied or imposed upon the real property of such corporation; and, as to such taxes or assessments so levied or imposed, such corporation shall be entitled to the exemption provided in section four hundred seventy-six of the real property tax law.
Frequently Asked Questions About New York § 305
What does New York Consolidated Laws § 305 cover?
Section 305 ("305Tax exemption") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 305?
A common citation format is "New York Consolidated Laws § 305" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 305 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.