RENTAL OF LIBRARY PROPERTY POLICY
If and when additional income
is needed for maintenance and/or support of the library building, a
portion of it may be rented to a suitable tenant. Alternatively,
a room could be provided at no charge as a gesture of good will (ie.-
as a museum space for the Historical Preservation Committee or like
organization).
Sec. 420-a A public library is wholly exempt from taxation
if in fact the rental income derived from the rental portion of the
library building is necessary for and actually applied to the
maintenance and support of the library (9 Op. Compt. 238 #6222, June
15, 1953). Pg. 124 NYS Public Library Law
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