There Is a Newer Version of the U.S. Code
  1. 2024 U.S. Code
  2. 2023 U.S. Code
  3. 2022 U.S. Code
  4. 2001 U.S. Code (here)
  5. View All Versions
View Our Newest Version Here

2001 U.S. Code
Title 12 - BANKS AND BANKING
CHAPTER 4 - TAXATION
SUBCHAPTER I - FEDERAL RESERVE BANKS
Sec. 531 - Exemption from taxation

View Metadata
Metadata
Publication TitleUnited States Code, 2000 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
Date2001
Laws in Effect as of DateJanuary 22, 2002
Positive LawNo
Dispositionstandard
Source CreditDec. 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 References38 Stat. 258
40 Stat. 1314
107 Stat. 338
113 Stat. 1536
Public Law ReferencesPublic Law 103-66, Public Law 106-113

Download pdf

§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.)

Codification

Section 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.

Amendments

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

Section Referred to in Other Sections

This section is referred to in title 26 section 140.

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.