12-U.S.C.-2278B-10

§2278B-10 – §2278B-10. Exemption From Taxation

Pathway

Title 12 > Chapter 23 > Subchapter VI > Part B > Section 2278b-10

Details

• Reference: Section 2278b-10
• Legend: §2278B-10 – §2278B-10. Exemption From Taxation
• USCode Year: 2013

Provision Content

(a) Assets

The Financial Assistance Corporation, and the capital, reserves, and surplus thereof, and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes on real estate held by the Financial Assistance Corporation to the same extent, according to its value, as other similar property held by other persons is taxed.

(b) Obligations

The notes, bonds, debentures, and other obligations issued by the Financial Assistance Corporation shall be accorded the same tax treatment as System-wide obligations.

(Pub. L. 92–181, title VI, §6.30, as added Pub. L. 100–233, title II, §201, Jan. 6, 1988, 101 Stat. 1604.)

U.S. Encyclopedia of Law Coverage

Part A – Assistance Board in the Legal Encyclopedia: Banking Law

In this entry about Part A – Assistance Board, find legal reference material, bibliographies and premiere content related to banking law in the American Encyclopedia of Law, presenting a comprehensive view of the United States banking law-specific issues, written by authorities in the field.

12-U.S.C.-2278A-2 in the Legal Encyclopedia: Farm Credit System

In this entry about 12-U.S.C.-2278A-2, find legal reference material, bibliographies and premiere content related to farm credit system in the American Encyclopedia of Law, presenting a comprehensive view of the United States farm credit system-specific issues, written by authorities in the field.

Topic Map

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