N.Y. Tax Law Section 1553
Exemptions

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 Insurance Law § 2118 (Excess line brokers)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 Insurance Law § 2117 (Acting for or aiding unlicensed or unauthorized insurers or health maintenance organizations)section two thousand one hundred seventeen of the insurance law.

Source: Section 1553 — Exemptions, https://www.­nysenate.­gov/legislation/laws/TAX/1553 (updated Sep. 22, 2014; accessed Jan. 18, 2025).

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Accessed:
Jan. 18, 2025

Last modified:
Sep. 22, 2014

§ 1553’s source at nysenate​.gov

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