Statute · New York Tax Law
N.Y. Tax Law § 3 — Exemption from certain taxes granted to certain corporations engaged in the operation of vessels in foreign commerce
N.Y. Tax Law § 3
- Type
- Statute
- Source
- New York Tax Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 3. Exemption from certain taxes granted to certain corporations engaged in the operation of vessels in foreign commerce. All corporations incorporated under the laws of the state of New York, exclusively engaged in the operation of vessels in foreign commerce, are exempted from all taxation in…
Citator
N.Y. Tax Law § 3 — Exemption from certain taxes granted to certain corporations engaged in the operation of vessels in foreign commerce is in force in the current edition of the Code, and nothing recorded condemns it.
§ 3. Exemption from certain taxes granted to certain corporations engaged in the operation of vessels in foreign commerce. All corporations incorporated under the laws of the state of New York, exclusively engaged in the operation of vessels in foreign commerce, are exempted from all taxation in this state, for state and local purposes, upon their capital stock, franchises and earnings.