Public Authorities Law § 2624 · Title 28. New York State Olympic Regional Development Authority
Exemption from taxation
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 2624. Exemption from taxation. 1. It is hereby determined that the creation of the authority and the conduct of its corporate purposes is in all respects for the benefit of the people of this state and the United States, 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.
2. The authority, its operations, property and moneys shall be free from taxation of every kind and nature by a public corporation, the state and any subdivision thereof.
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/PBA2624
- Text hash
- sha256 efe8095092b3195ccc90821c75d2faf30760b5271efdd6202b099d20b66e6c17
- 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.