Legal Opinion · Dissent
Hudson Valley Federal Credit Union v. New York State Department of Taxation & Finance
New York Court of Appeals
Decided October 18, 2012Published
1Dissent
Read, J. (dissenting).
The Federal Credit Union Act (the FCUA) (12 USC §§ 1751-1795k) provides that “[t]he Federal credit unions organized hereunder, their property, their franchises, capital, reserves, surpluses, and other funds, and their income shall be exempt from all taxation now or hereafter imposed by” a government “except that any real property and any tangible personal property of such Federal credit unions shall be subject to Federal, State, Territorial, and local taxation to the same extent as other similar property is taxed” (see 12 USC § 1768 [emphases added]). I interpret this…
2Cases cited14 opinions
- Federal Land Bank of St. Paul v. Bismarck Lumber Co.Supreme Court of the United States · 1941
- First Agricultural National Bank of Berkshire County v. State Tax CommissionSupreme Court of the United States · 1968
- United States v. Wells Fargo BankSupreme Court of the United States · 1988
- Pittman v. Home Owners' Loan Corp.Supreme Court of the United States · 1939
- Federal Land Bank of New Orleans v. CroslandSupreme Court of the United States · 1923
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