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Public Authorities Law § 1563 · Title 7. Endicott Parking Authority

Tax exemptions

Verbatim from the official edition

Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)

* § 1563. Tax exemptions. 1. It is hereby determined that the creation of the authority and the carrying out of its corporate purposes is in all respects for the benefit of the people of the village of Endicott and its environs, and is a public purpose, and the authority shall be regarded as performing a governmental function in the exercise of the powers conferred upon it by this title and shall be required to pay no taxes or assessments upon any of the property acquired by it or under its jurisdiction or control or supervision or upon its activities.

2. Any bonds or notes issued pursuant to this title, together with the income therefrom, as well as the property of the authority, shall be exempt from taxation, except for transfer and estate taxes.

* NB Dissolved December 31, 1977

* NB There are 2 § 1563's

Source of truth

Edition
Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
Official file
https://legislation.nysenate.gov/pdf/laws/PBA1563%2A2
Text hash
sha256 7be5c5cd6d044d51b2bb4b6c4e9e8440911ae28d5e4b81fe3c355f067d74157e
Composed by
gen_ny_statutes.py 2026-11-10: the Senate's Open Legislation law tree (GET /api/3/laws/<ID>?full=true) read in document order; the Senate's PDF of the whole law (GET /pdf/laws/<ID>?full=true), read with PDFium, prints the same words in the same order
  • The Senate's note "Dissolved December 31, 1977" is printed with the text.
  • The Senate's note "There are 2 § 1563's": the Legislature enacted more than one unit under that number; each is printed.
  • The Legislature enacted more than one section numbered 1563; this is number 2 as the Senate prints them.

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.