 | United States. Congress. Senate. Committee on Banking and Currency - 1937 - 314 pages
...bonds issued under the provisions of this chapter, shall be deemed and held to be instrumentalities of the Government of the United States ; and as such...derived therefrom shall be exempt from Federal, State, and municipal taxation. That is the act of July 17, 1916, chapter 245, section 26, 39 Statutes. Senator... | |
 | United States. Congress. Senate. Committee on Banking and Currency - Housing - 1937 - 316 pages
...bonds issued under the provisions of this chapter, shall be deemed and held to be instrumentalities of the Government of the United States ; and as such...derived therefrom shall be exempt from Federal, State, and municipal taxation. That is the act of July 17, 1916, chapter 245, section 26, 39 Statutes. Senator... | |
 | United States - Session laws - 1939 - 780 pages
...banks, and farm loan bonds issued under this Act shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...Income derived therefrom shall be exempt from Federal * * * taxation. (July 17, 1916, c. 245, § 26, 39 Stat 380.) (USC, Title 12, § 931.) FEDERAL RESERVE... | |
 | United States. Congress. House. Committee on Agriculture - 1937 - 390 pages
...Corporation and any obligations issued or executed by it shall be deemed and held to be instrumentalities of the United States, and as such they and the income derived therefrom shall be exempt from Federal. Territorial. State, county, municipal, and other local taxation. The Corporation, when designated for... | |
 | United States. Congress. House. Committee on Banking and Currency - 1938 - 20 pages
...Credit Corporation under the provisions of this Act shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). The Commodity Credit Corporation, including... | |
 | United States. Congress. Senate. Committee on Finance - Finance - 1938 - 768 pages
...Corporation under the provisions of this subchapter, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). EXHIBIT В OPINION OF GENEBAI. COUNSEL'S OFFICE... | |
 | Trust companies - 1916 - 686 pages
...bonus issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such,...from Federal, State, municipal and local taxation." If the Federal Government may thus favor instrumentalities of commerce created by it, the States must... | |
 | United States. Congress Internal Revenue Taxation Joint Committee - Internal revenue - 1938 - 700 pages
...the Corporation under the provisions of this Act, SD^JJ ^ Deemed and held to be instrumentalities of the Government of the United States, and as such they...income derived therefrom shall be exempt from Federal * * * taxation (except surtaxes, estate, inheritance, and gift taxes). (Jan. 31, 1934, c. 7, § 12... | |
 | Trust companies - 1923 - 872 pages
...Federal Land Banks shall be deemed "instrumentalities of the Government of the United States, and as sucb they and the income derived therefrom shall be exempt...from Federal, State, Municipal and local taxation." The United State« Supreme Court holds that pursuant to this statute the Federal Land Bank of New Orleans... | |
 | Trust companies - 1919 - 812 pages
...their stock. The bonds are "instrumentalities of the Government of the United States, and as such tlity and the income derived therefrom shall be exempt from Federal, State, municipal and local taxation," enjoying the same advantages accorded the United States Government Liberty Loan 3J4s. In view of the... | |
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Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall... 
