Sec. 12. Exemption from local taxation
32 words·~1 min read·
/bill/116/hr/658/ih/section-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All bonds issued by the Bank, and the interest on or credits with respect to such bonds, shall not be subject to taxation by any State, county, municipality, or local taxing authority.