12 U.S.C. § 2278A
Section 2278a · Exemption from taxation
Amended 1 time on record
Applied in 1 court decisions — leading case Williams v. Federal Land Bank (1992)
Most recently applied in Williams v. Federal Land Bank (February 1992)
The Assistance Board, the capital, reserves, and surplus thereof, and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation, except taxes on real estate held by the Assistance Board to the same extent, according to its value, as other similar property held by other persons is taxed.