§ 967c. Tax exemption

Latest version.

The funds distributed under the provisions of sections 967a to 967d of this title shall not be subject to Federal or State income taxes.

(Pub. L. 89–717, § 3, Nov. 2, 1966, 80 Stat. 1115.)

Codification

Section was not enacted as part of Pub. L. 87–235, Sept. 14, 1961, 75 Stat. 508, which comprises this subchapter.

                    
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