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

Current through Pub. L. 119-102

Title 42 — The Public Health and Welfare·Ch. 49 — NATIONAL HOUSING PARTNERSHIPS

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.

42 U.S.C. § 3941 (State or local taxation or regulation; access to judicial process) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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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