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48 U.S.C. § 745Tax 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

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

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.

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