United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 4. TAXATION |
SubChapter I. FEDERAL RESERVE BANKS |
§ 531. Exemption from taxation
Latest version.
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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.
Codification
Section is comprised of subsec. (c) [formerly third undesignated par.] of section 7 of act
Amendments
1993—Pub. L. 103–66 inserted section catchline.