§412:10-122  Taxation.  (a)  All credit
unions, now or hereafter chartered under this chapter shall have the same
immunity from state and local taxation that federally chartered credit unions
have from time to time under the laws of the United States government.  Any
credit union organized under this chapter shall be exempt from all taxation now
or hereafter imposed by this State or any taxing authority within this State. 
No law which taxes corporations in any form shall apply to such credit union,
except that any real property and personal services provided to the credit
union shall be subject to taxation to the same extent as other similar property
is taxed.



(b)  The participation by a credit union in any
government program providing unemployment, social security, old age pension or
other benefits shall not be deemed a waiver of the taxation exemption hereby
granted. [L 1993, c 350, pt of §1]



 



Cross References



 



  Taxation of banks and other financial corporations, see
chapter 241.