22 U.S.C. § 3307 — Exemption from taxation
submitted 47 years ago by Pub. L. 96-8 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 108 words · no verdicts yet
The Institute, its property, and its income are exempt from United States, State, and local taxes, except for the specified Federal Insurance Contributions Act taxes. For specified tax provisions, the Institute is treated as a qualifying charitable organization.
(a) United States, State, or local taxes. The Institute, its property, and its income are exempt from every tax imposed now or later by the United States, a State, or a local taxing authority in the United States, except to the extent section 3310(a)(3) requires taxes under chapter 21 of title 26, the Federal Insurance Contributions Act.
(b) Charitable contributions and similar transfers. For title 26, the Institute is treated as an organization described in sections 170(b)(1)(A), 170(c), 2055(a), 2106(a)(2)(A), 2522(a), and 2522(b).
The Institute, its property, and its income are exempt from all taxation now or hereafter imposed by the United States (except to the extent that section 3310(a)(3) of this title requires the imposition of taxes imposed under chapter 21 of title 26, relating to the Federal Insurance Contributions Act) or by any State or local taxing authority of the United States.
For purposes of title 26, the Institute shall be treated as an organization described in sections 170(b)(1)(A), 170(c), 2055(a), 2106(a)(2)(A), 2522(a), and 2522(b) of title 26.
Source credit: (Pub. L. 96–8, § 8, Apr. 10, 1979, 93 Stat. 17; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095.)
- 1979Enacted · Pub. L. 96-8 · 93 Stat. 17
- 1986Amended · Pub. L. 99-514 · 100 Stat. 2095
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-8 on 1979-04-10.
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