§412:10-122  Taxation.  (a)  All creditunions, now or hereafter chartered under this chapter shall have the sameimmunity from state and local taxation that federally chartered credit unionshave from time to time under the laws of the United States government.  Anycredit union organized under this chapter shall be exempt from all taxation nowor 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 creditunion shall be subject to taxation to the same extent as other similar propertyis taxed.

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

 

Cross References

 

  Taxation of banks and other financial corporations, seechapter 241.