Title 12, Banks and BankingRelease 119-102
§2277a–12 Exemption From Taxation
Title 12 › CHAPTER 23 — FARM CREDIT SYSTEM › SUBCHAPTER V — FARM CREDIT ADMINISTRATION ORGANIZATION › Part E — Farm Credit System Insurance Corporation › § 2277a–12
Summary
Regardless of other laws, the corporation and its franchise, capital, reserves, surplus, and income are not subject to federal, state, or local taxation. Its real property (land and buildings) must be taxed by States, counties, cities, and local authorities the same way other real estate is taxed.
Full Legal Text
Title 12, §2277a–12
Banks and Banking, Source: USLM XML via OLRC
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.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2277a–12
Title 12, Banks and Banking
Last Updated
Aug 21, 2026
Release point: 119-102