 That every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation...  Circular - Seite 91von United States. Farm Credit Administration - 1934Vollansicht - Über dieses Buch
 | United States. Congress. Senate. Committee on Banking and Currency - 1937 - 38 Seiten
...banks. Under Section 26 of the Federal Farm Loan Act as amended, national farmloan associations are exempt from Federal, State, municipal, and local taxation except taxes upon real estate held by such associations. Under the same section, joint-stock land banks are exempted from the payment... | |
 | United States - 1966 - 376 Seiten
...be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from...Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes) ." Approved, February 26, 1934. (167) [PUBLIC — No.... | |
 | 1938 - 218 Seiten
...unconditionally guaranteed both as to interest and principal by the United States. Such obligations and the income derived therefrom shall be exempt from...Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). The Commodity Credit Corporation was created primarily... | |
 | United States. Congress. House. Committee on Banking and Currency - 1938 - 20 Seiten
...be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from...Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). The Commodity Credit Corporation, including its franchise,... | |
 | United States. Congress. Senate. Committee on Finance - 1938 - 768 Seiten
...land banks, "shall be * * * instrumentalities of the Government of the United States, and as such they and the Income derived therefrom shall be exempt from Federal, State, municipal, and local taxation." This provision is left unchanged by the House bill. It Is submitted that all Income derived from any... | |
 | 1916 - 686 Seiten
...be deemed and held to be instrumentalities of the Government of the United States, and as such, they and the income derived therefrom shall be exempt from Federal, State, municipal and local taxation." If the Federal Government may thus favor instrumentalities of commerce created by it, the States must... | |
 | 1939 - 1030 Seiten
...provides that Federal land banks, Federal intermediate credit banks, and national farm-loan associations, including the capital and reserve or surplus therein...the income derived therefrom, shall be exempt from taxation, except taxes upon real estate, and that first mortgages executed to Federal land banks, Federal... | |
 | 1940 - 1806 Seiten
...provides that Federal land banks, Federal intermediate credit banks, and national farm-loan associations, of a specific request therefor. If a claim is filed...fiduciary other than the one by whom the return w taxation, except taxes upon real estate, and that first mortgages executed to Federal land banks, Federal... | |
 | 1941 - 1688 Seiten
...provides that Federal land banks, Federal intermediate credit banks, and national farm-loan associations, including the capital and reserve or surplus therein...the income derived therefrom, shall be exempt from taxation, except taxes upon real estate, and that first mortgages executed to Federal land banks, Federal... | |
 | 1939 - 752 Seiten
...be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from...Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes) ; and that the notes shall be lawful inPage 18 *For... | |
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