§ 1. Power of taxation; exemptions from taxation.

109 words·~1 min read·/ny/constitution/taxation/1

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

ARTICLE XVI

Taxation

Section 1. 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

review.

Exemptions from taxation may be granted only by general laws.

Exemptions may be altered or repealed except those exempting real or

personal property used exclusively for religious, educational or

charitable purposes as defined by law and owned by any corporation or

association organized or conducted exclusively for one or more of such

purposes and not operating for profit.