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12 U.S.C. § 1747j — Taxation of real property

submitted 92 years ago by ch. 847 to r/title-12-BANKS-AND-BANKING · 44 words · no verdicts yet

in plain englishAI-generated · not legal advice

Real property the Secretary acquires and holds under this subchapter remains taxable by States and their political subdivisions like other property of the same value.

Nothing in this subchapter shall be construed to exempt any real property acquired and held by the Secretary under this subchapter from taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed.
the actual law source: uscode.house.gov ↗public domain

Nothing in this subchapter shall be construed to exempt any real property acquired and held by the Secretary under this subchapter from taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed.

Source credit: (June 27, 1934, ch. 847, title VII, § 711, as added Aug. 10, 1948, ch. 832, title IV, § 401, 62 Stat. 1281; amended Apr. 20, 1950, ch. 94, title I, § 122, 64 Stat. 59; Pub. L. 90–19, § 1(a)(3), May 25, 1967, 81 Stat. 17.)

history & why it existsrecord from the source credit
  • 1934Enacted · Act of June 27, 1934, ch. 847 · 62 Stat. 1281
  • 1950Amended · Act of Apr. 20, 1950, ch. 94 · 64 Stat. 59
  • 1967Amended · Pub. L. 90-19 · 81 Stat. 17

A history note hasn’t been published yet. The record shows enactment by ch. 847 on 1934-06-27.

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