§ 2077. Taxation
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/usc/title-12/section-2077A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each production credit association and its obligations are instrumentalities of the United States and as such any and all notes, debentures, and other obligations issued by such associations shall be exempt, both as to principal and interest, from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States or any State, territorial, or local taxing authority, except that interest on such obligations shall be subject to Federal income taxation in the hands of the holder.
(Pub. L. 92–181, title II, § 2.7, formerly § 2.6, as added Pub. L. 100–233, title IV, § 401, Jan. 6, 1988, 101 Stat. 1633; amended Pub. L. 100–399, title IV, § 401(r), Aug. 17, 1988, 102 Stat. 998; renumbered § 2.7, Pub. L. 101–624, title XVIII, § 1833(1), Nov. 28, 1990, 104 Stat. 3832.)
Connections11 cite this · traces to 1
Cited by 11 sections · top 9
U.S. Code
statutes-at-large
- Public Law 99–205To amend the Farm Credit Act of 1971, to restructure and reform the Farm Credit System, and for other purposes
- Public Law 96–592To amend the Farm Credit Act of 1971 to permit Farm Credit System institutions to improve their services to borrowers, and for other purposes
- Public Law 100–399To make technical corrections to the agricultural credit laws
- Public Law 100–233To provide credit assistance to farmers, to strengthen the Farm Credit System, to facilitate the establishment of secondary markets for agricultural loans, and for other purposes
- Public Law 101–624To extend and revise agricultural price support and related programs, to provide for agricultural export, resource conservation, farm credit, and agricultural research and related programs, to ensure consumers an abundance of food and fiber at reasonable prices, and for other purposes
statute-compilations
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- Pub. L. 92–181, title II, § 2
- Pub. L. 100–233, title IV, § 401
- 101 Stat. 1633
- Pub. L. 100–399, title IV, § 401(r)
- 102 Stat. 998
- Pub. L. 101–624, title XVIII, § 1833(1)
- 104 Stat. 3832
- 85 Stat. 595
- Pub. L. 96–592, title II, § 206
- 94 Stat. 3442
- Pub. L. 99–205, title II, § 205(e)(7)
- 99 Stat. 1704
- Pub. L. 100–233, title VIII
- 101 Stat. 1711
- Pub. L. 100–233, § 401
- 85 Stat. 597
- Pub. L. 99–205, title II, § 205(e)(9)
- Pub. L. 100–399, title IX, § 901(a)
- 102 Stat. 1007
- Pub. L. 100–399
- section 401 of Pub. L. 100–233
- section 1001(b) of Pub. L. 100–399
- 101 Stat. 1622
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§ 2077
Taxation
Stat.×7
U.S.C.×3
Stat. Comp.×1
Pub. L.Pub. L. 92–181, title II, § 2
Pub. L.Pub. L. 100–233, title IV, § 401
Stat.101 Stat. 1633
Pub. L.Pub. L. 100–399, title IV, § 401(r)
Stat.102 Stat. 998
Cites 24 · showing 6Cited by 11 across 3 sources