The personal property and funds of the corporation, whether principal or income, so long as held or used only to carry out the purposes of the corporation, are exempt from taxation by the United States Government, the District of Columbia, and the territories and possessions of the United States.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1305.)
| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 22507 | 36:96 (1st sentence). | Feb. 24, 1925, ch. 303, §6 (less proviso), 43 Stat. 967. |
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Last modified: October 26, 2015