26 U.S.C. § 3308 — Instrumentalities of the United States
submitted 66 years ago by Pub. L. 86-778 to r/title-26-INTERNAL-REVENUE-CODE · 71 words · no verdicts yet
A general tax exemption for a United States instrumentality does not exempt it from the tax in section 3301. The other law must specifically refer to section 3301 or its earlier equivalent to create that exemption.
Despite any law, whether enacted before or after this section, that exempts a United States instrumentality from taxation, the instrumentality is not exempt from the tax imposed by section 3301 unless that other law gives a specific exemption by referring to section 3301 or the corresponding provision of earlier law.
Notwithstanding any other provision of law (whether enacted before or after the enactment of this section) which grants to any instrumentality of the United States an exemption from taxation, such instrumentality shall not be exempt from the tax imposed by section 3301 unless such other provision of law grants a specific exemption, by reference to section 3301 (or the corresponding section of prior law), from the tax imposed by such section.
Source credit: (Added Pub. L. 86–778, title V, § 531(d)(1), Sept. 13, 1960, 74 Stat. 983.)
- 1960Enacted · Pub. L. 86-778 · 74 Stat. 983
A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-778 on 1960-09-13.
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