§1984 — Title 7 Agriculture | U.S. Code

Summary

States, territories, the District of Columbia, and local governments may tax property that the United States has a lien on or that the Secretary owns under this law, just like they tax other property. Property kept for administrative use is not included. No tax may be imposed or collected when the tax is based on: (1) the value of any notes, mortgages, or other lien papers held by or given to the Secretary; (2) any notes or lien papers handled under this law that were made, assigned, or held by a person who would otherwise owe the tax; or (3) the value of any property conveyed or transferred to the Secretary.

Title 7, §1984

Agriculture — Source: USLM XML via OLRC

All property subject to a lien held by the United States or the title to which is acquired or held by the Secretary under this chapter other than property used for administrative purposes shall be subject to taxation by State, territory, district, and local political subdivisions in the same manner and to the same extent as other property is taxed: Provided, however, That no tax shall be imposed or collected on or with respect to any instrument if the tax is based on—

(1)the value of any notes or mortgages or other lien instruments held by or transferred to the Secretary;

(2)any notes or lien instruments administered under this chapter which are made, assigned, or held by a person otherwise liable for such tax; or

(3)the value of any property conveyed or transferred to the Secretary,

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in text, was in the original “this title”, meaning title III of Pub. L. 87–128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see

Short Title

note set out under section 1921 of this title and Tables.

§1984 Taxation