12 U.S. Code § 531 - Exemption from taxation

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Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate.


(Dec. 23, 1913, ch. 6, § 7(c),38 Stat. 258; Mar. 3, 1919, ch. 101, § 1,40 Stat. 1314; Pub. L. 103–66, title III, § 3002(c)(2),Aug. 10, 1993, 107 Stat. 338.)

Section is comprised of subsec. (c) [formerly third undesignated par.] of section 7 of act Dec. 23, 1913. Subsec. (a) ofsection 7 and subsec. (b) [enacted by Pub. L. 106–113, div. B, § 1000(a)(5) [title III, § 302(2)], Nov. 29, 1999, 113 Stat. 1536, 1501A–304] of section 7 are classified to section 289 of this title. Another subsec. (b) ofsection 7 is classified to section 290 of this title.

1993—Pub. L. 103–66inserted section catchline.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

12 USCDescription of ChangeSession YearPublic LawStatutes at Large


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