ALLcrimesfood&drugstaxestelecomcommercehealthconservationtransportationagricultureveteransbrowse all titles »
0

48 U.S.C. § 745 — Tax exempt bonds

submitted 109 years ago by ch. 145 to r/title-48-TERRITORIES-AND-INSULAR-POSSESSIONS · 72 words · no verdicts yet

in plain englishAI-generated · not legal advice

Bonds issued by the Government of Puerto Rico or by its authority are exempt from the listed taxes. The exemption covers taxes imposed by the United States, Puerto Rico, other listed governments, and the District of Columbia.

All bonds issued by the Government of Puerto Rico, or by its authority, must be exempt from taxation by the Government of the United States; by the Government of Puerto Rico or any political or municipal subdivision of Puerto Rico; by any State, Territory, or possession; by any county, municipality, or other municipal subdivision of any State, Territory, or possession of the United States; or by the District of Columbia. This section does not define the terms "bonds" or "taxation".
the actual law source: uscode.house.gov ↗public domain

All bonds issued by the Government of Puerto Rico, or by its authority, shall be exempt from taxation by the Government of the United States, or by the Government of Puerto Rico or of any political or municipal subdivision thereof, or by any State, Territory, or possession, or by any county, municipality, or other municipal subdivision of any State, Territory, or possession of the United States, or by the District of Columbia.

Source credit: (Mar. 2, 1917, ch. 145, § 3, 39 Stat. 953; Feb. 3, 1921, ch. 34, § 2, 41 Stat. 1096; Mar. 4, 1927, ch. 503, § 1, 44 Stat. 1418; Aug. 26, 1937, ch. 831, 50 Stat. 844; Aug. 17, 1950, ch. 731, 64 Stat. 458; Pub. L. 87–121, § 1, Aug. 3, 1961, 75 Stat. 245.)

history & why it existsrecord from the source credit
  • 1917Enacted · Act of Mar. 2, 1917, ch. 145 · 39 Stat. 953
  • 1921Amended · Act of Feb. 3, 1921, ch. 34 · 41 Stat. 1096
  • 1927Amended · Act of Mar. 4, 1927, ch. 503 · 44 Stat. 1418
  • 1937Amended · Act of Aug. 26, 1937, ch. 831 · 50 Stat. 844
  • 1950Amended · Act of Aug. 17, 1950, ch. 731 · 64 Stat. 458
  • 1961Amended · Pub. L. 87-121 · 75 Stat. 245

A history note hasn’t been published yet. The record shows enactment by ch. 145 on 1917-03-02.

all 0 arguments · sorted by: best

0/280

no arguments yet — make the first case