New York § 487 - 487Consistency with federal tax law
Full text of New York New York Consolidated Laws § 487 — 487Consistency with federal tax law, with citation guidance and answers to common questions.
§ 487. 487Consistency with federal tax law
§ 487. Consistency with federal tax law. All actions taken pursuant to this article shall be reviewed for consistency with provisions of the federal internal revenue code and regulations thereunder, in accordance with procedures established in connection with the issuance of any tax exempt bonds pursuant to this article, to preserve the tax exempt status of such bonds.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 487
What does New York Consolidated Laws § 487 cover?
Section 487 ("487Consistency with federal tax law") 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 § 487?
A common citation format is "New York Consolidated Laws § 487" (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 § 487 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.