Bd. of Cty. Comm'rs v. FHFA, et al., No. 13-7114 (D.C. Cir. 2014)
Annotate this CaseThe Board of County Commissioners of Kay County appealed the district court's dismissal of its complaint seeking a declaratory judgment that Fannie Mae and Freddie Mac, along with the FHFA as their conservator, violated state law by failing to pay Oklahoma's documentary stamp tax (the Transfer Tax). The court held that 12 U.S.C. 1452(e), 1723a(c)(2), 4617(j)(1)-(2) exempt the entities from all state and local taxation, including Oklahoma's Transfer Tax, and that the Transfer Tax did not constitute a tax on real property such that it fell into the real property exceptions from the exemptions. The court also held that Kay County has forfeited its argument that the exemptions represent an invalid exercise of the Commerce power. Accordingly, the court affirmed the judgment of the district court.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.