42 U.S.C. § 3941 — State or local taxation or regulation; access to judicial process

FEDERAL · 42 U.S.C. · Chapter 49

State or local taxation or regulation; access to judicial process

42 U.S.C. § 3941

Chapter49 — NATIONAL HOUSING PARTNERSHIPS

This text of 42 U.S.C. § 3941 (State or local taxation or regulation; access to judicial process) 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

42 U.S.C. § 3941.

Text

Nothing contained in this chapter shall preclude a State or other local jurisdiction from imposing, in accordance with the laws of such State or other local jurisdiction, any valid nondiscriminatory tax, obligation, or regulation on the partnership as a taxable and or legal entity, but no limited partner of the partnership not otherwise subject to taxation or regulation by or judicial process of a State or other local jurisdiction shall be subject to taxation or regulation by or subject to or denied access to judicial process of such State or other local jurisdiction, or be subject or denied access to any greater extent, because of activities of the corporation or partnership within such State or other local jurisdiction.

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Nothing contained in this chapter shall preclude a State or other local jurisdiction from imposing, in accordance with the laws of such State or other local jurisdiction, any valid nondiscriminatory tax, obligation, or regulation on the partnership as a taxable and or legal entity, but no limited partner of the partnership not otherwise subject to taxation or regulation by or judicial process of a State or other local jurisdiction shall be subject to taxation or regulation by or subject to or denied access to judicial process of such State or other local jurisdiction, or be subject or denied access to any greater extent, because of activities of the corporation or partnership within such State or other local jurisdiction.

Source Credit

History

(Pub. L. 90–448, title IX, §912, as added Pub. L. 91–351, title VIII, §711, July 24, 1970, 84 Stat. 463.)

Editorial Notes

Part A—Industry Program With Federal Financial Assistance

Part B—Government Program With Industry Assistance

Part C—General Provisions

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Bluebook (online)

42 U.S.C. § 3941, Counsel Stack Legal Research, https://law.counselstack.com/usc/42/3941.