49-U.S.C.-24908
§24908 – Transfer Taxes and Levies and Recording Charges
Pathway
Title 49 > Subtitle V > Part C > Chapter 249 > Section 24908
Details
- Reference: Section 24908
- Legend: §24908 – Transfer Taxes and Levies and Recording Charges
- USCode Year: 2013
Provision Content
A transfer of an interest in rail property under this chapter is exempt from a tax or levy related to the transfer that is imposed by the United States Government, a State, or a political subdivision of a State. On payment of the appropriate and generally applicable charge for the service performed, a transferee or transferor may record an instrument and, consistent with the final system plan, the release or removal of a pre-existing lien or encumbrance of record related to the interest transferred.
(Pub. L. 103–272, §1(e), July 5, 1994, 108 Stat. 937.)
| Revised Section |
Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 24908 | 45:743(e) (words title VII of the Railroad Revitalization and Regulatory Reform Act of 1976 [45 U.S.C. 851 et seq.] or of). | Jan. 2, 1974, Pub. L. 93–236, 87 Stat. 985, §303(e) (words title VII of the Railroad Revitalization and Regulatory Reform Act of 1976 or of); added Feb. 5, 1976, Pub. L. 94–210, §601(d), 90 Stat. 84; Sept. 30, 1976, Pub. L. 94–436, §5 (related to title VII), 90 Stat. 1399. |
The words or conveyances, (whether real, personal, or mixed), which are made at any time, the purposes of, imposts, or on the recording of deeds, bills of sale, liens, encumbrances, or other instruments evidencing, effectuating, or incident to any such transfers or conveyances, whether imposed on the transferor or on the transferee, now or hereafter, to compensate . . . the cost of, such deeds, bills of sale, liens, encumbrances, or other, and the designations and applicable principles in are omitted as surplus.
U.S. Encyclopedia of Law Coverage
49-U.S.C.-24710 in the Legal Encyclopedia: Transportation
In this entry about 49-U.S.C.-24710, find legal reference material, bibliographies and premiere content related to transportation in the American Encyclopedia of Law, presenting a comprehensive view of the United States transportation-specific issues, written by authorities in the field.
49-U.S.C.-24709 in the Legal Encyclopedia: Transport Programs
In this entry about 49-U.S.C.-24709, find legal reference material, bibliographies and premiere content related to transport programs in the American Encyclopedia of Law, presenting a comprehensive view of the United States transport programs-specific issues, written by authorities in the field.
49-U.S.C.-24903 in the Legal Encyclopedia: Rail Programs
In this entry about 49-U.S.C.-24903, find legal reference material, bibliographies and premiere content related to rail programs in the American Encyclopedia of Law, presenting a comprehensive view of the United States rail programs-specific issues, written by authorities in the field.
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