Statute · New York General City Model
N.Y. General City Model § 31 — Tax on production credit associations
N.Y. General City Model § 31
- Type
- Statute
- Source
- New York General City Model
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 31. Tax on production credit associations. Pursuant to the authority conferred by the federal farm credit act of nineteen hundred thirty-three, every production credit association organized under the authority of the United States and located within the city after the stock held in it by the…
Citator
N.Y. General City Model § 31 — Tax on production credit associations is in force in the current edition of the Code, and nothing recorded condemns it.
§ 31. Tax on production credit associations. Pursuant to the authority conferred by the federal farm credit act of nineteen hundred thirty-three, every production credit association organized under the authority of the United States and located within the city after the stock held in it by the federal production credit corporation has been retired shall annually pay a tax measured by its net income, which shall be computed in the same manner as the tax imposed upon national banking associations by section twenty-three and shall be subject to the provisions of sections twenty-four to thirty inclusive.