2023 New York Laws › PBA - Public Authorities › Article 8 - Miscellaneous Authorities › Title 15 - Auburn Industrial Development Authority › 2326 - Tax Exemptions.

§  2326.  Tax exemptions. 1. It is hereby determined that the creation
of the authority and the carrying out of its corporate  purposes  is  in
all respects for the benefit of the people of the city and its environs,
and  is  a  public  purpose,  and  the  authority  shall  be regarded as
performing a  governmental  function  in  the  exercise  of  the  powers
conferred upon it by this title and shall be required to pay no taxes or
assessments  upon  any  of  the  property  acquired  by  it or under its
jurisdiction or control or supervision or upon its activities. Provided,
however, if the authority is located within  a  transportation  district
referenced  in  paragraph  (a) of subdivision two of section two hundred
fifty-three of the tax law, it shall not be exempt from  the  additional
tax  on each mortgage of real property situated within the state imposed
by such paragraph.
2. Any bonds or notes issued pursuant to this title, together with the
income therefrom, as well as the property of  the  authority,  shall  be
exempt from taxation, except for transfer and estate taxes.
3. Agents of the authority and project operators shall annually file a
statement  with the department of taxation and finance, on a form and in
such a manner as is prescribed  by  the  commissioner  of  taxation  and
finance,  of  the  value  of all sales and use tax exemptions claimed by
such agents or agents of such agents or  project  operators,  including,
but  not  limited  to,  consultants  or subcontractors of such agents or
project operators, under the authority granted pursuant to this section.
The penalty for failure to file such statement shall be the  removal  of
the  authority  to  act  as  an  agent  of the authority or as a project
operator.
4. (a) Within thirty days of the date that the authority designates  a
project  operator  or  other person to act as agent of the authority for
purposes of providing financial assistance consisting of any  sales  and
compensating  use  tax exemption to such person, the agency shall file a
statement with the department of taxation and finance relating  thereto,
on  a  form  and  in such manner as is prescribed by the commissioner of
taxation and finance, identifying  each  such  agent  so  named  by  the
authority, setting forth the taxpayer identification number of each such
agent,  giving  a  brief  description  of  the  property and/or services
intended to be exempted from such taxes as a result of such  appointment
as  agent, indicating the authority's rough estimate of the value of the
property and/or services to which such  appointment  as  agent  relates,
indicating  the date when such designation as agent became effective and
indicating the date upon which such designation as agent shall cease.
(b) Within thirty days of the date that  the  authority's  designation
described  in  paragraph  (a)  of  this  subdivision  has  been amended,
terminated, been revoked, or  become  invalid  or  ineffective  for  any
reason,  the  authority  shall  file  a statement with the department of
taxation and finance relating thereto, on a form and in such  manner  as
is  prescribed  by the commissioner of taxation and finance, identifying
each such agent so named by the authority in  the  original  designation
and   setting   forth  the  taxpayer  identification  number  and  other
identifying information of each such agent, the date  as  of  which  the
original designation was amended, terminated, revoked, or became invalid
or  ineffective  and  the  reason  therefor, together with a copy of the
original designation.