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1995 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 4 - TAXATION
SUBCHAPTER I - FEDERAL RESERVE BANKS
Sec. 531 - Exemption from taxation

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Publication TitleUnited States Code, 1994 Edition, Supplement 1, Title 12 - BANKS AND BANKING
CategoryBills and Statutes
CollectionUnited States Code
SuDoc Class NumberY 1.2/5:
Contained WithinTitle 12 - BANKS AND BANKING
CHAPTER 4 - TAXATION
SUBCHAPTER I - FEDERAL RESERVE BANKS
Sec. 531 - Exemption from taxation
Containssection 531
Date1995
Laws in Effect as of DateJanuary 16, 1996
Positive LawNo
Dispositionstandard
Source CreditDec. 23, 1913, ch. 6, §7(c), 38 Stat. 258; Mar. 3, 1919, ch. 101, §1, 40 Stat. 1314; Aug. 10, 1993, Pub. L. 103-66, title III, §3002(c)(2), 107 Stat. 338.
Statutes at Large References38 Stat. 258
40 Stat. 1314
107 Stat. 338
Public Law ReferencesPublic Law 103-66

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§531. Exemption from taxation

Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate.

(Dec. 23, 1913, ch. 6, §7(c), 38 Stat. 258; Mar. 3, 1919, ch. 101, §1, 40 Stat. 1314; Aug. 10, 1993, Pub. L. 103–66, title III, §3002(c)(2), 107 Stat. 338.)

Codification

Section is comprised of subsec. (c) [formerly third undesignated par.] of section 7 of act Dec. 23, 1913. Subsecs. (a) and (b) of section 7 are classified to sections 289 and 290, respectively, of this title.

Amendments

1993—Pub. L. 103–66 inserted section catchline.

Cross References

United States obligations and evidences of ownership as subject to Federal taxation, see section 3124 of Title 31, Money and Finance.

Section Referred to in Other Sections

This section is referred to in title 26 section 137.

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