Kahal Bnei Emunim and Talmud Torah Bnei Simon Israel v. Town Fallsburg Et Al‪.‬

[78 N.Y.2d 194 Page 198] Opinion OF THE COURT Kahal Bnei Emunim (Kahal) is a religious corporation which operates a religious and educational institution
in Brooklyn, New York. It enjoys Federal income tax exemption under section 501 (c) (3) of the Internal Revenue Code (26
USC) and its Brooklyn property has been exempted from real estate taxes by the City of New York.