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Tax on production credit associations.

NYC Admin. Code § 11-631
in effect
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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.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-10675Fetched: 10/24/2026

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11-631 | Corpus