N.Y. Cooperative Corporations Law § 77: Annual license fee

§ 77. Annual license fee. 1. Each cooperative corporation organized,

with or without capital stock, for the purpose of cooperative marketing

of agricultural products or for the purpose of making loans to its

members producing agricultural products or for the purpose of purchasing

food products for sale to its members, such a purchasing cooperative

corporation having gross receipts from such sales of less than five

hundred thousand dollars in a calendar year, shall pay to the

commissioner of taxation and finance an annual fee of ten dollars, in

lieu of all franchise or license or corporation taxes.

2. Each cooperative corporation organized without capital stock, with

federal internal revenue code section 501(c)12 status, for the purpose

of producing and/or distributing district heating and/or cooling service

solely for the use of its members where: (a) the heating or cooling

facility of such cooperative corporation is located in a city with a

population of more than two hundred thousand and less than three hundred

thousand and (b) either (i) at least thirty-five percent of such heating

and/or cooling service as measured by relative thermal usage is

distributed to and used by members which qualify as organizations

described in paragraph one, two or four of subdivision (a) of section

eleven hundred sixteen of the tax law, or which qualify as cooperative

corporations organized without capital stock with federal internal

revenue code section 501(c)12 status, or (ii) is a member of a

cooperative corporation organized without capital stock which satisfies

the requirements of clause (a) and item (i) of clause (b) of this

subdivision shall pay to the commissioner of taxation and finance an

annual fee of ten dollars, in lieu of all franchise, license or

corporation taxes, or the tax imposed under section one hundred

eighty-six-a of the tax law.

3. Such annual fee shall be paid for each calendar year on the

fifteenth day of March next succeeding the close of such calendar year

but shall not be payable after January first, two thousand twenty;

provided, however, that cooperative corporations described in

subdivisions one or two of this section shall continue to not be subject

to the franchise, license, and corporation taxes referenced in such

subdivisions or, in the case of cooperative cooperations described in

subdivision two of this section, the tax imposed under section

one-hundred eighty-six-a of the tax law.