[§201H-37]  Exemption from tax on income andobligations.  Income earned and obligations issued by a nonprofit entitydetermined to constitute a "public housing agency" pursuant toSection 3(6) of the United States Housing Act of 1937, as amended, and whichincome and obligations are declared by the United States Department of Housingand Urban Development to be exempt from all taxation imposed by the UnitedStates pursuant to Section 11(b) of the Act, shall be exempt from all taxationnow or hereafter imposed by the State. [L 2006, c 180, pt of §3]