12 U.S.C. § 2277a–12 — Exemption from taxation

FEDERAL · 12 U.S.C. · Chapter 23

Exemption from taxation

12 U.S.C. § 2277a–12

Title12 — Banks and Banking

Chapter23 — FARM CREDIT SYSTEM

SubchapterV

PartE

Current throughPub. L. 119-99

This text of 12 U.S.C. § 2277a–12 (Exemption from 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

12 U.S.C. § 2277a–12.

Text

Notwithstanding any other provision of law, the Corporation, including its franchise, and its capital, reserves, surplus, and income, shall be exempt from all taxation imposed by the United States, or by any State, county, municipality, or local taxing authority, except that any real property of the Corporation shall be subject to State, county, municipal, and local taxation to the same extent according to its value as other real property is taxed.

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Notwithstanding any other provision of law, the Corporation, including its franchise, and its capital, reserves, surplus, and income, shall be exempt from all taxation imposed by the United States, or by any State, county, municipality, or local taxing authority, except that any real property of the Corporation shall be subject to State, county, municipal, and local taxation to the same extent according to its value as other real property is taxed.

Source Credit

History

(Pub. L. 92–181, title V, §5.63, as added Pub. L. 100–233, title III, §302, Jan. 6, 1988, 101 Stat. 1618.)

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Bluebook (online)

12 U.S.C. § 2277a–12, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/2277a–12.