N.Y. General City Model 772/66 § 31: Tax on production credit associations

§ 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.