ยง 411. Undertaking exempt from taxation. So long as a municipality
shall own any undertaking, the property, within the municipality, and
all revenue of such undertaking shall be exempt from taxation.
Structure New York Laws
Article 14-C - Revenue-Producing Undertakings
403 - Additional Powers of Municipality.
403-A - Future Acquisition or Construction of Undertakings by Towns Prohibited.
404 - Authorization of Undertaking.
410 - Undertakings to Be Self-Supporting.
411 - Undertaking Exempt From Taxation.
412 - Use of Revenue of Undertaking.
413 - Consent and Jurisdiction of State and Municipal Agencies.
414 - Competing Undertakings Not Authorized.