12 USC CHAPTER 7, SUBCHAPTER III: Tax Exemption
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12 USC CHAPTER 7, SUBCHAPTER III: Tax Exemption
From Title 12—BANKS AND BANKINGCHAPTER 7—FARM CREDIT ADMINISTRATIONSUBCHAPTER III—FEDERAL INTERMEDIATE CREDIT BANKS

Tax Exemption

§1111. Repealed. Pub. L. 92–181, title V, §5.26(a), Dec. 10, 1971, 85 Stat. 624

Section, act July 17, 1916, ch. 245, title II, §210, as added Mar. 4, 1923, ch. 252, title I, §2, 42 Stat. 1459, set out a tax exemption for capital and income of intermediate credit banks and provided that their debentures be deemed instrumentalities of the government. See section 2079 of this title.