12 USC 531 - Sec. 531. Exemption from taxation
12 USC - U.S. Code - Title 12: Banks and Banking (January 2004)
Permanent Link:
http://vlex.com/vid/sec-exemption-from-taxation-19225792
Id. vLex: VLEX-19225792
Click here to download this article in graphic format (Acrobat Reader)
Document language
Search in this document
Document options
Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate.
Codification
Section is comprised of subsec. (c) [formerly third undesignated par.] of section 7 of act Dec. 23, 1913. Subsec. (a) of section 7 and subsec. (b) [enacted by Pub. L. 106-113, div. B, Sec. 1000(a)(5) [title III, Sec. 302(2)], Nov. 29, 1999, 113 Stat. 1536, 1501A-304] of section 7 are classified to section 289 of this title.
Another subsec. (b) of section 7 is classified to section 290 of this title.
Amendments
1993 - Pub. L. 103-66 inserted section catchline.
Section Referred To In Other Sections
This section is referred to in title 26 section 140.
Try vLex for FREE for 3 days
Access legal information from United States including:
- Constitutions
- Forms and Contracts
- Legal Books and Journals
- Case Law
- News and Business
- Regulations
- U.S. Code
Try vLex without any commitment for 3 days and see why you need it.
3
days of Free Access
