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Title 15, Commerce and TradeRelease 119-102

§713a–5 Exemption of Commodity Credit Corporation and Its Obligations From Taxation

Title 15 › CHAPTER 15 — ECONOMIC RECOVERY › SUBCHAPTER I — GENERALLY › § 713a–5

Last updated Aug 21, 2026|Official source

Summary

Bonds, notes, debentures, and similar debts the Commodity Credit Corporation issues are treated as part of the U.S. government. Those debts and the income they earn are exempt from federal, state, municipal, and local taxes, except surtaxes, estate, inheritance, and gift taxes. The Corporation itself — its franchise, capital, reserves, surplus, and income — is also exempt from U.S., territorial, state, and local taxes. Any land or buildings it owns are taxed the same as other property.

Full Legal Text

Title 15, §713a–5

Commerce and Trade, Source: USLM XML via OLRC

Bonds, notes, debentures, and other similar obligations issued by the Commodity Credit Corporation under the provisions of sections 713a–1 to 713a–5 of this title shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local taxation (except surtaxes, estate, inheritance, and gift taxes). The Commodity Credit Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority; except that any real property of the Commodity Credit Corporation shall be subject to State, Territorial, county, municipal, or local taxation to the same extent according to its value as other real property is taxed.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

Sections 713a–1 to 713a–5, referred to in text, was in the original “this Act”. section 1 and 2 of that act, set out as section 713a–1 and 713a–2 of this title, have been repealed and section 3 of that act, set out as section 713a–3 of this title, has been omitted.

Executive Documents

Exceptions From

Transfer of Functions

For exception of functions of corporations of Department of Agriculture from

Transfer of Functions

to Secretary of Agriculture by Reorg. Plan No. 2 of 1953, see Exceptions From

Transfer of Functions

note set out under section 712a of this title.

Reference

Citations & Metadata

Citation

15 U.S.C. § 713a–5

Title 15, Commerce and Trade

Last Updated

Aug 21, 2026

Release point: 119-102