{"identifier":"/us/usc/t7/s1511","title":7,"num":"\u00a7\u202f1511.","heading":"Tax exemption","text":"\u00a7\u202f1511.\nTax exemption\nThe Corporation, including its franchise, its capital, reserves, and surplus, and its income and property, shall be exempt from all taxation on or after\nFebruary 16, 1938","url":"https://projectusc.org/usc/t7/s1511.html","content":[{"t":"sec","id":"/us/usc/t7/s1511","children":[{"t":"num","text":"\u00a7\u202f1511."},{"t":"heading","text":"Tax exemption"},{"t":"content","text":"\n","children":[{"t":"p","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 ","children":[{"t":"text","text":"February 16, 1938","tail":", 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."}],"tail":"\n"}]},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}