2017 US Code
Title 12 - Banks and Banking
Chapter 6 - Foreign Banking
Subchapter II - Organization of Corporations to Do Foreign Banking
Sec. 627 - State taxation
12 U.S.C. § 627 (2017) |
§627. State taxation |
Any corporation organized under the provisions of this subchapter shall be subject to tax by the State within which its home office is located in the same manner and to the same extent as other corporations organized under the laws of that State which are transacting a similar character of business. The shares of stock in such corporation shall also be subject to tax as the personal property of the owners or holders thereof in the same manner and to the same extent as the shares of stock in similar State corporations. |
(Dec. 23, 1913, ch. 6, §25A (par.), formerly §25(a), as added Dec. 24, 1919, ch. 18, 41 Stat. 378; renumbered §25A, Pub. L. 102–242, title I, §142(e)(2), Dec. 19, 1991, 105 Stat. 2281.) |
REFERENCES IN TEXT
This subchapter, referred to in text, was in the original "this section", meaning section 25A of act Dec. 23, 1913, which is classified to this subchapter (§611 et seq.). CODIFICATIONSection is comprised of par. 19 (undesignated) of section 25A of act Dec. 23, 1913, which comprises this subchapter. For complete classification of section 25A of this Act, see Codification note set out under section 611 of this title. |
United States Code, 2012 Edition, Supplement 5, Title 12 - BANKS AND BANKING |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 12 - BANKS AND BANKING CHAPTER 6 - FOREIGN BANKING SUBCHAPTER II - ORGANIZATION OF CORPORATIONS TO DO FOREIGN BANKING Sec. 627 - State taxation |
section 627 |
2017 |
January 12, 2018 |
No |
standard |
41 Stat. 378 105 Stat. 2281 |
Public Law 102-242 |