Title 22 — Foreign Relations and IntercourseRelease 119-73not60
§3307 Exemption From Taxation
Title 22 › Chapter 48— TAIWAN RELATIONS › § 3307
Summary
Exempts the Institute, its property, income from federal, state, local taxes, except as section 3310(a)(3) requires chapter 21 taxes of title 26; under title 26 it is treated as in 170(b)(1)(A), 170(c), 2055(a), 2106(a)(2)(A), 2522(a), 2522(b).
Full Legal Text
Title 22, §3307
Foreign Relations and Intercourse — Source: USLM XML via OLRC
(a)The Institute, its property, and its income are exempt from all taxation now or hereafter imposed by the United States (except to the extent that section 3310(a)(3) of this title requires the imposition of taxes imposed under chapter 21 of title 26, relating to the Federal Insurance Contributions Act) or by any State or local taxing authority of the United States.
(b)For purposes of title 26, the Institute shall be treated as an organization described in section 170(b)(1)(A), 170(c), 2055(a), 2106(a)(2)(A), 2522(a), and 2522(b) of title 26.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
The Federal Insurance Contributions Act, referred to in subsec. (a), is act Aug. 16, 1954, ch. 736, §§ 3101, 3102, 3111, 3112, 3121 to 3128, 68A Stat. 415, which is classified generally to chapter 21 (§ 3101 et seq.) of Title 26, Internal Revenue Code. For complete classification of this Act to the Code, see section 3128 of Title 26 and Tables.
Amendments
1986—Pub. L. 99–514 substituted in subsecs. (a) and (b) “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective as of January 1, 1979, see section 18 of Pub. L. 96–8, set out as a note under section 3301 of this title.
Reference
Citations & Metadata
Citation
22 U.S.C. § 3307
Title 22 — Foreign Relations and Intercourse
Last Updated
Apr 5, 2026
Release point: 119-73not60