Public Authorities Law § 886 · Title 4. Genesee Valley Regional Market Authority
Exemptions from taxation
Text — Law content up to date as of October 2, 2026, as published by the New York State Senate (Open Legislation)
§ 886. Exemptions from taxation. 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 state of New York and it 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 upon any of the properties 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 free from taxation, except for transfer and estate taxes.
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/PBA886
- Text hash
- sha256 17c41152e5bf55129a48b482b37a27420478602657682037a6ca6f48f7587041
- 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.