2000 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 4 - TAXATION
SUBCHAPTER I - FEDERAL RESERVE BANKS
Sec. 531 - Exemption from taxation
View Metadata| Publication Title | United States Code, 2000 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 4 - TAXATION SUBCHAPTER I - FEDERAL RESERVE BANKS Sec. 531 - Exemption from taxation |
| Contains | section 531 |
| Date | 2000 |
| Laws in Effect as of Date | January 2, 2001 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Dec. 23, 1913, ch. 6, §7(c), 38 Stat. 258; Mar. 3, 1919, ch. 101, §1, 40 Stat. 1314; Pub. L. 103-66, title III, §3002(c)(2), Aug. 10, 1993, 107 Stat. 338. |
| Statutes at Large References | 38 Stat. 258 40 Stat. 1314 107 Stat. 338 113 Stat. 1536 |
| Public Law References | Public Law 103-66, Public Law 106-113 |
§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; Pub. L. 103–66, title III, §3002(c)(2), Aug. 10, 1993, 107 Stat. 338.)
CodificationSection is comprised of subsec. (c) [formerly third undesignated par.] of section 7 of act Dec. 23, 1913. Subsec. (a) of section 7 and subsec. (b) [enacted by Pub. L. 106–113, div. B, §1000(a)(5) [title III, §302(2)], Nov. 29, 1999, 113 Stat. 1536, 1501A–304] of section 7 are classified to section 289 of this title. Another subsec. (b) of section 7 is classified to section 290 of this title.
Amendments1993—Pub. L. 103–66 inserted section catchline.
Section Referred to in Other SectionsThis section is referred to in title 26 section 139.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the U.S. site. Please check official sources.
