{"data":{"id":"us-ny/n.y.-public-authorities-law-1039","jurisdiction":"us-ny","citation":"N.Y. Public Authorities Law § 1039","heading":"Exemption from taxation","body":"* § 1039. Exemption from taxation. The real and personal property of\nthe authority shall be exempt from all taxation, and so shall all of its\nactivities and operations, except that the owners of its bonds and other\nobligations shall be subject to transfer and estate taxes.\n  * NB Terminated July 1, 1963","path":["Public Authorities Law","Article 5. Public Utility Authorities","Title 2. Albany Light, Heat and Power Authority"],"source_url":"https://legislation.nysenate.gov/api/3/laws/PBA/1039","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"0c09644ae4046ad26e3e3b50021f3af4ba3230f33bbc71ec2c1f44a40d4a3f7a","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-public-authorities-law-1038","next":"us-ny/n.y.-public-authorities-law-1040"},"notice":"GroundRules: Original legal text. Not legal advice."}