7 U.S.C. § 1511
Tax exemption
United States · Title 7 — AGRICULTURE · Status: effective
Cite this
- Citation
- 7 U.S.C. § 1511, Tax exemption, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/429555
- Permanent ID
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Full text
The Corporation, including its franchise, its capital, reserves, and surplus, and its income and property, shall be exempt from all taxation on or after February 16, 1938, imposed by the United States or by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority. A contract of insurance of the Corporation, and a contract of insurance reinsured by the Corporation, shall be exempt from taxation imposed by any State, municipality, or local taxing authority.
Legislative history
The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Federal Crop Insurance Reform and Department of Agriculture Reauthorization Act of 1994House: no recorded tallySenate: no recorded tally