§ 115. Income of States, municipalities, etc.
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/usc/title-26/section-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Gross income does not include—
(1)income derived from any public utility or the exercise of any essential governmental function and accruing to a State or any political subdivision thereof, or the District of Columbia; or
(2)income accruing to the government of any possession of the United States, or any political subdivision thereof.
(Aug. 16, 1954, ch. 736, 68A Stat. 35; Pub. L. 94–455, title XIX, § 1901(a)(19), Oct. 4, 1976, 90 Stat. 1766.)
Connections23 cite this · traces to 2
Cited by 23 sections · top 13
statutes-at-large
- Public Law 183
- Public Law 415
- Public Law 93–310To provide for the suspension of duty on certain copying shoe lathes until the close of June 30, 1976, and for other purposes
- Public Law 403
- Public Law 109–59To authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes
- Public Law 97–468Making technical corrections to the Natural Gas Pipeline Safety Act of 1968 and the Hazardous Liquid Pipeline Safety Act of 1979, and for other purposes
- Public Law 94–455To reform the tax laws of the United States
Traces to 2 documents
8 references not yet in our index
- Aug. 16, 1954, ch. 736
- 68A Stat. 35
- Pub. L. 94–455, title XIX, § 1901(a)(19)
- 90 Stat. 1766
- Pub. L. 94–455
- section 1901(d) of Pub. L. 94–455
- Pub. L. 109–59, title XI, § 11146
- 119 Stat. 1966
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§ 115
Income of States, municipalities, etc.
Stat.×15
U.S.C.×3
C.F.R.×2
Stat. Comp.×2
Fed. Reg.×1
ActAug. 16, 1954, ch. 736
Stat.68A Stat. 35
Pub. L.Pub. L. 94–455, title XIX, § 1901(a)(19)
Stat.90 Stat. 1766
Pub. L.Pub. L. 94–455
Cites 10 · showing 7Cited by 23 across 5 sources