2012 US Code
Title 12 - Banks and Banking
Chapter 23 - FARM CREDIT SYSTEM (§§ 2001 - 2279cc)
Subchapter VI - ASSISTANCE TO FARM CREDIT SYSTEM (§§ 2278a - 2278b-11)
Part B - Financial Assistance Corporation (§§ 2278b - 2278b-11)
Section 2278b-10 - Exemption from taxation
| Publication Title | United States Code, 2012 Edition, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 23 - FARM CREDIT SYSTEM SUBCHAPTER VI - ASSISTANCE TO FARM CREDIT SYSTEM Part B - Financial Assistance Corporation Sec. 2278b-10 - Exemption from taxation |
| Contains | section 2278b-10 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 92-181, title VI, §6.30, as added Pub. L. 100-233, title II, §201, Jan. 6, 1988, 101 Stat. 1604. |
| Statutes at Large Reference | 101 Stat. 1604 |
| Public Law References | Public Law 92-181, Public Law 100-233 |
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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) ObligationsThe 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.)
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