N.Y. GCM Law § 31
This is the official text of N.Y. GCM Law § 31, part of New York’s GCM Law — part of the compiled statutory law of New York, published by the state as "GCM Law." Browse the sections below, each linked to its official government source.
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Tax on production credit associations
Official statutory text
§ 31. Tax on production credit associations. Pursuant to the authority\nconferred by the federal farm credit act of nineteen hundred\nthirty-three, every production credit association organized under the\nauthority of the United States and located within the city after the\nstock held in it by the federal production credit corporation has been\nretired shall annually pay a tax measured by its net income, which shall\nbe computed in the same manner as the tax imposed upon national banking\nassociations by section twenty-three and shall be subject to the\nprovisions of sections twenty-four to thirty inclusive.\n
Status: in_force · Read it on the official government site
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