§ 2134. Taxation
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/usc/title-12/section-2134A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each bank for cooperatives and its obligations are instrumentalities of the United States and as such any and all notes, debentures, and other obligations issued by such bank 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 III, § 3.13, Dec. 10, 1971, 85 Stat. 608; Pub. L. 99–205, title II, § 205(e)(10), Dec. 23, 1985, 99 Stat. 1705; Pub. L. 100–233, title VIII, § 805(p), Jan. 6, 1988, 101 Stat. 1716.)
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Cited by 3 sections
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 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
statute-compilations
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U.S. Code
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- Pub. L. 92–181, title III, § 3
- 85 Stat. 608
- Pub. L. 99–205, title II, § 205(e)(10)
- 99 Stat. 1705
- Pub. L. 100–233, title VIII, § 805(p)
- 101 Stat. 1716
- Pub. L. 100–233
- Pub. L. 99–205
- section 401 of Pub. L. 99–205
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§ 2134
Taxation
Stat.×2
Stat. Comp.×1
Pub. L.Pub. L. 92–181, title III, § 3
Stat.85 Stat. 608
Pub. L.Pub. L. 99–205, title II, § 205(e)(10)
Stat.99 Stat. 1705
Pub. L.Pub. L. 100–233, title VIII, § 805(p)
Cites 10 · showing 6Cited by 3 across 2 sources