16-U.S.C.-19L

§19L – §19L. Tax Exemptions; Contributions toward Costs of Local Government; Contributions, Gifts, Or Transfers to Or For Use of United States

Pathway

Title 16 > Chapter 1 > Subchapter III > Section 19l

Details

• Reference: Section 19l
• Legend: §19L – §19L. Tax Exemptions; Contributions toward Costs of Local Government; Contributions, Gifts, Or Transfers to Or For Use of United States
• USCode Year: 2013

Provision Content

The Foundation and any income or property received or owned by it, and all transactions relating to such income or property, shall be exempt from all Federal, State, and local taxation with respect thereto. The Foundation may, however, in the discretion of its directors, contribute toward the costs of local government in amounts not in excess of those which it would be obligated to pay such government if it were not exempt from taxation by virtue of the foregoing or by virtue of its being a charitable and nonprofit corporation and may agree so to contribute with respect to property transferred to it and the income derived therefrom if such agreement is a condition of the transfer. Contributions, gifts, and other transfers made to or for the use of the Foundation shall be regarded as contributions, gifts, or transfers to or for the use of the United States.

(Pub. L. 90–209, §8, Dec. 18, 1967, 81 Stat. 657.)

U.S. Encyclopedia of Law Coverage

16-U.S.C.-19JJ-1 in the Legal Encyclopedia: Conservation

In this entry about 16-U.S.C.-19JJ-1, find legal reference material, bibliographies and premiere content related to conservation in the American Encyclopedia of Law, presenting a comprehensive view of the United States conservation-specific issues, written by authorities in the field.

16-U.S.C.-19G in the Legal Encyclopedia: Parks

In this entry about 16-U.S.C.-19G, find legal reference material, bibliographies and premiere content related to parks in the American Encyclopedia of Law, presenting a comprehensive view of the United States parks-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 16 (Conservation) guided by subject interests.