N.Y. Social Services Law 472-P – Property exempt from taxation
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§ 472-p. Property exempt from taxation. So long as the property of said corporation shall be used for charitable purposes only, such property, both real and personal, shall be exempt from taxation.
Terms Used In N.Y. Social Services Law 472-P
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.