§ 1706b. — Taxation of real property held by Secretary.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC1706b]
TITLE 12--BANKS AND BANKING
CHAPTER 13--NATIONAL HOUSING
SUBCHAPTER I--HOUSING RENOVATION AND MODERNIZATION
Sec. 1706b. Taxation of real property held by Secretary
Nothing in this subchapter shall be construed to exempt any real
property acquired and held by the Secretary in connection with the
payment of insurance heretofore or hereafter granted under this
subchapter from taxation by any State or political subdivision thereof,
to the same extent, according to its value, as other real property is
taxed.
(June 27, 1934, ch. 847, title I, Sec. 7, as added June 28, 1941, ch.
261, Sec. 7, 55 Stat. 365; amended Apr. 20, 1950, ch. 94 title I,
Sec. 122, 64 Stat. 59; Pub. L. 90-19, Sec. 1(a)(3), May 25, 1967, 81
Stat. 17.)
Amendments
1967--Pub. L. 90-19 substituted ``Secretary'' for ``Commissioner''.
1950--Act Apr. 20, 1950, substituted ``Commissioner'' for
``Administrator''.
