New York Statutes
§ 8 — Exemption from taxes granted to REMICs
New York § 8
This text of New York § 8 (Exemption from taxes granted to REMICs) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.Y. Tax § 8 (2026).
Text
§ 8. Exemption from taxes granted to REMICs. An entity that is treated\nfor federal income tax purposes as a real estate mortgage investment\nconduit, hereinafter referred to as a REMIC, as such term is defined in\nsection 860D of the internal revenue code, shall be exempt from all\ntaxation imposed or authorized under this chapter, upon its capital\nstock, franchises or income. A REMIC shall not be treated as a\ncorporation, partnership or trust for purposes of this chapter. The\nassets of a REMIC shall not be included in the calculation of any\nfranchise tax liability under this chapter. This provision does not\nexempt the holders of regular or residual interests, as defined in\nsection 860G of the internal revenue code, in a REMIC from tax on or\nmeasured by such regular or residual i
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Oneida Indian Nation v. Madison County
665 F.3d 408 (Second Circuit, 2011)
State of New York Ex Rel. Jacobson v. Wells Fargo National Bank, N.A.
824 F.3d 308 (Second Circuit, 2016)
Oneida Indian Nation of NY v. Madison County
605 F.3d 149 (Second Circuit, 2011)
Floreck v. Citibank
122 A.D.2d 574 (Appellate Division of the Supreme Court of New York, 1986)
Nearby Sections
15
§ 800
Definitions§ 803
Exemption override§ 804
Payment of tax§ 850
Definitions§ 851
Employer election§ 853
Pass through of tax§ 854
Payment of tax§ 855
Employee creditCite This Page — Counsel Stack
Bluebook (online)
New York § 8, Counsel Stack Legal Research, https://law.counselstack.com/statute/ny/TAX/8.