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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
Chapter 75 - Cooperative Agricultural Associations
Section 7501 - Short title of chapter
Section 7502 - Application of chapter
Section 7505 - Number and qualifications of incorporators
Section 7507 - Articles of incorporation
Section 7521 - Special powers and limitations
Section 7522 - Records of salary or other payments
Section 7524 - Issuance of shares
Section 7525 - Sale, transfer or redemption of shares
Section 7526 - Termination of membership
Section 7527 - Voting by proxy or mail
Section 7529 - Fundamental changes
Section 7532 - Removal of directors
Section 7534 - Marketing arrangements
Section 7535 - Patronage distributions
Section 7536 - Audit of operations
Section 7537 - Contract assignments to association
Section 7538 - Exemption from tax on capital stock and indebtedness