2024 U.S. Code
Title 12 - Banks and Banking
Chapter 4 - Taxation
Subchapter I - Federal Reserve Banks
Sec. 531 - Exemption from taxation
| 12 U.S.C. § 531 (2024) |
| §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.) |
|
EDITORIAL NOTES
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. AMENDMENTS1993—Pub. L. 103–66 inserted section catchline. |
| United States Code, 2024 Edition, Title 12 - BANKS AND BANKING |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 12 - BANKS AND BANKING CHAPTER 4 - TAXATION SUBCHAPTER I - FEDERAL RESERVE BANKS Sec. 531 - Exemption from taxation |
| section 531 |
| 2024 |
| January 6, 2025 |
| No |
| standard |
| 38 Stat. 258 40 Stat. 1314 107 Stat. 338 113 Stat. 1536 |
| Public Law 103-66, Public Law 106-113 |
