Laws of New York State
Reference: New York State Legislature
Last Update: Feb 22, 2015

§1553 - Exemptions

Cite: N.Y. T.A.X. Law § 1553 (Consol.).


This article shall not apply to:

(a) the government of the United States or any instrumentality thereof;

(b) the state of New York or any political subdivision, as such term is defined for purposes of section one hundred three of the internal revenue code, thereof;

(c) the United Nations or any other international organization of which the United States is a member;

(d) any foreign government;

(e) any taxable insurance contract procured through a New York licensed excess line broker in accordance with section two thousand one hundred eighteen of the insurance law; and

(f) any taxable insurance contract of the type described in subsections (b), (c) and (d) of section two thousand one hundred seventeen of the insurance law.

[PREV] §1552 - Allocation
[NEXT] §1554 - Returns and payment