§ 31 — Tax on production credit associations

§ 31. Tax on production credit associations. Pursuant to the authority\nconferred by the federal farm credit act of nineteen hundred\nthirty-three, every production credit association organized under the\nauthority of the United States and located within the city after the\nstock held in it by the federal production credit corporation has been\nretired shall annually pay a tax measured by its net income, which shall\nbe computed in the same manner as the tax imposed upon national banking\nassociations by section twenty-three and shall be subject to the\nprovisions of sections twenty-four to thirty inclusive.\n