New York Laws
Title 2 - Nassau Health Care Corporation
3414 - Exemption From Taxes and Certain Fees.

§ 3414. Exemption from taxes and certain fees. 1. The corporation
shall not be required to pay any fees, taxes or assessments of any kind,
except as provided by the public health law, whether state or local,
including but not limited to fees or taxes on real property, franchise
taxes, sales taxes or other excise taxes, upon any property owned by it
or under its jurisdiction, control or supervision and used for a public
purpose, or upon the uses thereof, or upon its activities in the
operation and maintenance of its facilities used for a public purpose,
or any revenues or other income received by the corporation from public
purpose activities. The foregoing shall not, however, limit the county
from receiving rentals, fees or other consideration pursuant to
agreements negotiated with the corporation. The corporation shall at all
times be exempt from any filing, mortgage recording or transfer fees or
taxes in relation to instruments filed, recorded or transferred by it or
on its behalf. The construction, use, occupation, lease or possession of
any property owned by the corporation or the county, including
improvements thereon, by any person or public corporation under
agreement with the corporation or the county shall not operate to
abrogate or limit the foregoing exemption, notwithstanding that the
lessee, user, occupant or person in possession shall claim ownership for
federal income tax purposes.

2. Any bonds issued pursuant to this title together with the income
therefrom as well as the property of the corporation shall at all times
be exempt from taxes, except for transfer and estate taxes. The state
hereby covenants with the purchasers and with all subsequent holders and
transferees of bonds issued by the corporation pursuant to this title,
in consideration of the acceptance of and payment for the bonds, that
the bonds of the corporation issued pursuant to this title and the
income therefrom and all revenues, monies, and other property pledged to
secure the payment of such bonds shall at all times be free from
taxation, except for transfer and estate taxes.