§ 24908. Transfer taxes and levies and recording charges

178 words·~1 min read·/usc/title-49/section-24908

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A transfer of an interest in rail property under this chapter is exempt from a tax or levy related to the transfer that is imposed by the United States Government, a State, or a political subdivision of a State. On payment of the appropriate and generally applicable charge for the service performed, a transferee or transferor may record an instrument and, consistent with the final system plan, the release or removal of a pre-existing lien or encumbrance of record related to the interest transferred.

(Pub. L. 103–272, § 1(e), July 5, 1994, 108 Stat. 937.)

The words “or conveyances”, “(whether real, personal, or mixed)”, “which are made at any time”, “the purposes of”, “imposts”, “or on the recording of deeds, bills of sale, liens, encumbrances, or other instruments evidencing, effectuating, or incident to any such transfers or conveyances, whether imposed on the transferor or on the transferee”, “now or hereafter”, “to compensate . . . the cost of”, “such deeds, bills of sale, liens, encumbrances, or other”, and “the designations and applicable principles in” are omitted as surplus.

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Pub. L. 103–272, § 1(e)
108 Stat. 937

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§ 24908

Transfer taxes and levies and recording charges

Pub. L.Pub. L. 103–272, § 1(e)

Stat.108 Stat. 937

Cites 2Cited by 0 across 0 sources