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United States Code (Last Updated: May 24, 2014) |
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Title 12. BANKS AND BANKING |
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Chapter 7. FARM CREDIT ADMINISTRATION |
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SubChapter III. FEDERAL INTERMEDIATE CREDIT BANKS |
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Level Tax Exemption |
§ 1111. Repealed. Pub. L. 92–181, title V, § 5.26(a), Dec. 10, 1971 , 85 Stat. 624
Latest version.
Remova lDescription
Section, act July 17, 1916, ch. 245, title II, § 210, as added Mar. 4, 1923, ch. 252, title I, § 2, 42 Stat. 1459, set out a tax exemption for capital and income of intermediate credit banks and provided that their debentures be deemed instrumentalities of the government. See section 2079 of this title.