N.Y. TAX Law § 1551
This is the official text of N.Y. TAX Law § 1551, part of New York’s TAX Law — part of the compiled statutory law of New York, published by the state as "TAX Law." Browse the sections below, each linked to its official government source.
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Imposition of tax
Official statutory text
§ 1551. Imposition of tax. There is hereby imposed on any person whose\nhome state is New York and who purchases or renews a taxable insurance\ncontract from an insurer not authorized to transact business in this\nstate under a certificate of authority from the superintendent of\nfinancial services a tax at the rate of three and six-tenths percent of\nthe premiums paid or to be paid, less returns thereon, for such\ninsurance. Nothing in this article modifies or abrogates any provision\nof the insurance law.\n
Status: in_force · Read it on the official government site
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