12 USC 1706b: Taxation of real property held by Secretary
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12 USC 1706b: Taxation of real property held by Secretary Text contains those laws in effect on December 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 13-NATIONAL HOUSINGSUBCHAPTER I-HOUSING RENOVATION AND MODERNIZATION
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§1706b. Taxation of real property held by Secretary

Nothing in this subchapter shall be construed to exempt any real property acquired and held by the Secretary in connection with the payment of insurance heretofore or hereafter granted under this subchapter from taxation by any State or political subdivision thereof, to the same extent, according to its value, as other real property is taxed.

(June 27, 1934, ch. 847, title I, §7, as added June 28, 1941, ch. 261, §7, 55 Stat. 365 ; amended Apr. 20, 1950, ch. 94 title I, §122, 64 Stat. 59; Pub. L. 90–19, §1(a)(3), May 25, 1967, 81 Stat. 17 .)


Editorial Notes

Amendments

1967-Pub. L. 90–19 substituted "Secretary" for "Commissioner".

1950-Act Apr. 20, 1950, substituted "Commissioner" for "Administrator".