2000 U.S. Code
Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS
CHAPTER 19 - CAPITOL AND WHITE HOUSE-PENNSYLVANIA AVENUE DEVELOPMENT
Sec. 879 - Tax exemption; payments to District of Columbia government
View Metadata| Publication Title | United States Code, 2000 Edition, Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS CHAPTER 19 - CAPITOL AND WHITE HOUSE-PENNSYLVANIA AVENUE DEVELOPMENT Sec. 879 - Tax exemption; payments to District of Columbia government |
| Contains | section 879 |
| Date | 2000 |
| Laws in Effect as of Date | January 2, 2001 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 92-578, §10, Oct. 27, 1972, 86 Stat. 1273. |
| Statutes at Large Reference | 86 Stat. 1273 |
| Public Law Reference | Public Law 92-578 |
§879. Tax exemption; payments to District of Columbia government
(a) Since the exercise of the powers granted by this chapter will be in all respects for the benefit of the people, the Corporation is hereby declared to be devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of every kind of the United States and of the District of Columbia.
(b) To the end that the District of Columbia may not suffer undue loss of tax revenue by reason of the provisions of subsection (a) of this section, the Corporation, in connection with any real property acquired and owned by the Corporation in carrying out the provisions of this chapter shall pay to the District of Columbia government an amount equal to the amount of the real property tax which would have been payable to the District of Columbia government beginning on the date of acquisition of such real property by the Corporation if legal title to such property had been held by a private citizen on such date and during all periods to which such date relates.
(Pub. L. 92–578, §10, Oct. 27, 1972, 86 Stat. 1273.)
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.
