™Your Policy Risk Impact Agent
6 sections · 0 paragraphs in this article.
N.Y. Const. art. XVI, § 1 Power of taxation; exemptions from taxation
0.7K chars
The power of taxation shall never be surrendered, suspended or contracted away, except as to securities issued for public purposes pursuant to law. Any laws which delegate the taxing power shall specify the types of taxes which may be imposed thereunder and provide for their revi…
N.Y. Const. art. XVI, § 2 Assessments for taxation purposes
0.7K chars
§2. The legislature shall provide for the supervision, review and equalization of assessments for purposes of taxation. Assessments shall in no case exceed full value. Nothing in this constitution shall be deemed to prevent the legislature from providing for the assessment, levy …
N.Y. Const. art. XVI, § 3 Situs of intangible personal property; taxation of
0.9K chars
§3. Moneys, credits, securities and other intangible personal property within the state not employed in carrying on any business therein by the owner shall be deemed to be located at the domicile of the owner for purposes of taxation, and, if held in trust, shall not be deemed to…
N.Y. Const. art. XVI, § 4 Certain corporations not to be discriminated against
0.3K chars
§4. Where the state has power to tax corporations incorporated under the laws of the United States there shall be no discrimination in the rates and method of taxation between such corporations and other corporations exercising substantially similar functions and engaged in subst…