 | Agricultural credit - 1938 - 218 pages
...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... | |
 | Administrative law - 1939 - 752 pages
...and principal by the United States ; that they 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) ; and that the notes shall be lawful inPage... | |
 | Administrative law - 1939 - 790 pages
...interest and principal by the United States; that they 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) ; and that the notes shall be lawful inPage... | |
 | United States - Agricultural laws and legislation - 1977 - 588 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. Agriculture and Forestry Committee - 1939 - 34 pages
...the 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 Corporation, including its franchise, its... | |
 | United States - Law - 1971 - 1248 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 they...from Federal, State, municipal, and local taxation. (July 17, 1916, ch. 245. title I, § 26, 39 Stat. 380; Aug. 18, 1959, Pub. L. 86-168, title I, § 104(h),... | |
 | United States. Supreme Court - Courts - 1941 - 844 pages
...bonds issued under the provisio. s of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...the income derived therefrom shall be exempt from 1 These purchases were for respondent and his wife who filed separate returns for the year in question.... | |
 | United States. Board of Tax Appeals - Taxation - 1941 - 1356 pages
...purchase. Each of the bonds, as authorized by the Federal Farm Loan Act, contained a provision that it "and the income derived therefrom shall be exempt...from Federal, State, municipal and local taxation." Notwithstanding such provision, the gains realized by petitioner must be included in his gross income.... | |
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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... 
