New York Tax On Production Credit Associations.
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§ 11-631 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 11-623 and shall be subject to the provisions of
sections 11-624 to 11-630 inclusive.