N.Y. Real Property Tax Law § 428: Fraternal organizations; entire net income for education and relief of members

§ 428. Fraternal organizations; entire net income for education and

relief of members. Real property owned by any fraternal corporation,

association or body created to build and maintain a building or

buildings for its meeting or meetings of the general assembly of its

members or subordinate bodies thereof and for the accommodation of other

fraternal corporations, associations or bodies, the entire net income of

which real property is exclusively applied or to be used to build,

furnish and maintain one or more asylums, homes or schools for the free

education or relief of its members or for the relief, support and care

of the worthy and indigent members thereof, their spouses, surviving

spouses or orphans, shall be exempt from taxation and exempt from

special ad valorem levies and special assessments to the extent provided

in section four hundred ninety of this chapter.