25 USC 1120 - Tax Exemption; Costs

The funds distributed under the provisions of this subchapter shall not be subject to Federal or State income taxes, and any costs incurred by the Secretary in the preparation of the rolls and in the distribution of per capita shares in accordance with the provisions of this subchapter shall be paid by appropriate withdrawals from the judgment funds.

(Pub. L. 89–659, §10, Oct. 14, 1966, 80 Stat. 910.)

Sections:  Previous  1113  1114  1115  1116  1117  1118  1119  1120  1121  1122  1123  1124  1125  1126  1127  Next

Last modified: October 26, 2015