{"data":{"id":"us-ny/n.y.-tax-law-3","jurisdiction":"us-ny","citation":"N.Y. Tax Law § 3","heading":"Exemption from certain taxes granted to certain corporations engaged in the operation of vessels in foreign commerce","body":"§ 3. Exemption from certain taxes granted to certain corporations\nengaged in the operation of vessels in foreign commerce. All\ncorporations incorporated under the laws of the state of New York,\nexclusively engaged in the operation of vessels in foreign commerce, are\nexempted from all taxation in this state, for state and local purposes,\nupon their capital stock, franchises and earnings.","path":["Tax Law","Article 1. Short Title; Definitions; Miscellaneous"],"source_url":"https://legislation.nysenate.gov/api/3/laws/TAX/3","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"e9870c08125ce54195ece1a537a01db9907855225a9e8f44b1378ccf0afe1013","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-tax-law-2","next":"us-ny/n.y.-tax-law-4"},"notice":"GroundRules: Original legal text. Not legal advice."}