N.Y. Insurance Law 9106 – Exemptions from taxation
§ 9106. Exemptions from taxation. The following shall be exempt from the payment of any taxes imposed under the provisions of this article:
Terms Used In N.Y. Insurance Law 9106
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(a) the government of the United States, or of any state or municipality thereof, or any instrumentality of any such government which is not subject to taxation by this state;
(b) the persons, firms, associations or corporations which are exempted from the requirement that they obtain a license to do business in this state, under the provisions of section one thousand one hundred eight of this chapter;
(c) any foreign or alien fraternal benefit society; and
(d) any corporation otherwise subject to the provisions of this Article of the public health law to subscribers. Such exemption shall be limited to that income derived from subscriber prepayments to such plan.