
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC2277a-12]

 
                       TITLE 12--BANKS AND BANKING
 
                     CHAPTER 23--FARM CREDIT SYSTEM
 
          SUBCHAPTER V--FARM CREDIT ADMINISTRATION ORGANIZATION
 
            Part E--Farm Credit System Insurance Corporation
 
Sec. 2277a-12. Exemption from taxation

    Notwithstanding any other provision of law, the Corporation, 
including its franchise, and its capital, reserves, surplus, and income, 
shall be exempt from all taxation imposed by the United States, or by 
any State, county, municipality, or local taxing authority, except that 
any real property of the Corporation shall be subject to State, county, 
municipal, and local taxation to the same extent according to its value 
as other real property is taxed.

(Pub. L. 92-181, title V, Sec. 5.63, as added Pub. L. 100-233, title 
III, Sec. 302, Jan. 6, 1988, 101 Stat. 1618.)
