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2012 U.S. Code
Title 12 - Banks and Banking
Chapter 4 - TAXATION (§§ 531 - 570)
Subchapter I - FEDERAL RESERVE BANKS (§§ 531)
Section 531 - Exemption from taxation

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Metadata
Publication TitleUnited States Code, 2012 Edition, 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
Date2012
Laws in Effect as of DateJanuary 15, 2013
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

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FEDERAL RESERVE BANKS - 12 U.S.C. § 531 (2012)
§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.

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