Pennsylvania § 7538 Exemption from tax on capital stock and indebtedness

Pennsylvania Statutes

§ 7538 — Exemption from tax on capital stock and indebtedness

Pennsylvania § 7538

JurisdictionPennsylvania

Title 15CORPORATIONS AND UNINCORPORATED ASSOCIATIONS

PartPART II

Ch. 75COOPERATIVE AGRICULTURAL ASSOCIATIONS

Subch.POWERS, DUTIES AND SAFEGUARDS

This text of Pennsylvania § 7538 (Exemption from tax on capital stock and indebtedness) is published on Counsel Stack Legal Research, covering Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

15 Pa. Cons. Stat. § 7538 (2026).

Text

No State or local tax shall be levied or placed upon the capital stock of an association or upon any scrip, bonds, certificates or other evidences of indebtedness issued by such association. The association shall not be required to file in the Department of Revenue, or with any other State or local official of this Commonwealth, the reports relative to such taxes as are or may be required of corporations not exempt from the payment of such taxes.

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No State or local tax shall be levied or placed upon the capital stock of an association or upon any scrip, bonds, certificates or other evidences of indebtedness issued by such association. The association shall not be required to file in the Department of Revenue, or with any other State or local official of this Commonwealth, the reports relative to such taxes as are or may be required of corporations not exempt from the payment of such taxes.