Public Authorities Law § 2046-n · Title 13-C. Town of Islip Resource Recovery Agency
Tax exemption
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 2046-n. Tax exemption. 1. It is hereby determined that the creation of the agency and the carrying out of its corporate purposes is in all respects for the benefit of the people of the town and the state and is a public purpose, and the agency shall be regarded as performing a governmental function in the exercise of the powers conferred upon it by this title and shall not be required to pay taxes or assessments upon any of the real property or improvements thereon acquired by it or under its jurisdiction or control or supervision or upon its activities or any filing, recording or transfer fees or taxes in relation to instruments filed, recorded or transferred by it or on its behalf.
2. The bonds and notes issued pursuant to this title, together with the income therefrom, and all its fees, charges, gifts, grants, revenues, receipts and other moneys received or to be received, pledged to pay or secure the payment of such bonds or notes, shall at all times be free from taxation, except for estate and gift taxes and taxes on transfers.
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/PBA2046-N
- Text hash
- sha256 bfc06d5d349a9ad3cc13817308a3c86e3edc9bb2cf234b7d44e2aa22ad6bb665
- 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
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.