New York § 64 - 64Tax exemptions
Full text of New York New York Consolidated Laws § 64 — 64Tax exemptions, with citation guidance and answers to common questions.
§ 64. 64Tax exemptions
§ 64. Tax exemptions. 1. The Utica transit authority shall be exempt from the payment of (a) any taxes or fees to the state or any subdivision thereof, (b) any fees to any officer or employee of the state or of any subdivision thereof, except where it is provided by or pursuant to law that such officer or employee is personally entitled to such fees as compensation for services rendered or performed by him in his official capacity. 2. Bonds, mortgages, notes and other obligations of the Utica transit authority are declared to be issued for a public purpose and to be public instrumentalities and together with interest thereon, shall be exempt from tax. 3. The property of the Utica transit authority shall be exempt from all local and municipal taxes. The Utica transit authority may agree with any municipality within the Utica transit authority's jurisdiction that such municipality will (a) fix a sum which shall be paid to it annually by the Utica transit authority in respect of each municipal project; or (b) agree that the Utica transit authority shall not pay or be liable to pay any sum whatsoever in respect of a municipal project or projects for any year or years; or (c) agree with the Utica transit authority upon the sum to be paid by the Utica transit authority for any year or years in respect of a municipal project or projects, or accept or agree to accept a fixed sum or other consideration in lieu of such payment; provided, however, that the sum fixed, or agreed to be paid by the Utica transit authority, for any year shall in no case exceed the sum last levied as an annual tax upon the property included in such project prior to the time of its acquisition by the Utica transit authority.
Frequently Asked Questions About New York § 64
What does New York Consolidated Laws § 64 cover?
Section 64 ("64Tax exemptions") 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 § 64?
A common citation format is "New York Consolidated Laws § 64" (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 § 64 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.