N.Y. Insurance Law Section 5225
Exemption from taxation

The corporation shall be exempt from all taxes and fees now or hereafter imposed by the state, or by any county, municipality or local authority or subdivision, except that any real property owned by the corporation shall be subject to county, municipal or local taxation to the same extent according to its value as other similar real property is taxed and that the corporation shall be subject to the fees imposed pursuant to Vehicle & Traffic Law § 202 (Fees for searches and copies of documents)section two hundred two of the vehicle and traffic law.

Source: Section 5225 — Exemption from taxation, https://www.­nysenate.­gov/legislation/laws/ISC/5225 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 5225’s source at nysenate​.gov

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