Sec. 1250. taxation

115 words·~1 min read·/statute-compilations/comps-10343/sec-1250

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## Sec. 1250 taxation **[**[12 U.S.C. 1749bbb–20](/us/usc/t12/s1749bbb–20)**]** ###

(a)The National Insurance Development Fund, including its reserves, surplus, and income, shall be exempt from all taxation now or hereafter imposed by the United States, or by any State, or any subdivision thereof, except that any real property acquired by the Director as a result of reinsurance shall be subject to taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed. ###

(b)Any measures undertaken by any State to meet or to fund its obligations under section 1223(a)(1) shall not be the subject of any retaliatory or fiscal imposition by any other State.

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12 USC 1749bbb–20

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Sec. 1250

taxation

Cite12 USC 1749bbb–20

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