31 CFR · Money and Finance: Treasury
§ 340.3 — Taxation.
31 CFR § 340.3
TitleTitle 31: Money and Finance: TreasuryPartPart 340: Regulations Governing the Sale of Treasury Bonds Through Competitive Bidding
SourceeCFR (current through Mar 30, 2026)
This text of 31 C.F.R. § 340.3 (Taxation.) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
31 C.F.R. § 340.3 (2026).
Text
§ 340.3 Taxation.
The income derived from the bonds will be subject to all taxes imposed under the Internal Revenue Code of 1954. The bonds will be subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but will be exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of the possessions of the United States, or by any local taxing authority.
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Related
Bank of Guam v. United States
578 F.3d 1318 (Federal Circuit, 2009)
Bank of Guam v. United States
80 Fed. Cl. 739 (Federal Claims, 2008)
Nearby Sections
9
§ 340.2
Denominations and exchanges.§ 340.3
Taxation.§ 340.5
Notice of intent to bid.§ 340.6
Submission of bids.§ 340.7
Deposits—retention—return.§ 340.8
Acceptance of bids.Cite This Page — Counsel Stack
Bluebook (online)
31 C.F.R. § 340.3, Counsel Stack Legal Research, https://law.counselstack.com/cfr/31/340/340.3.