Statute · United States Code
36 U.S.C. § 151106 — Tax exemption
36 U.S.C. § 151106
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- litigation
(a) Real Property.—Real property of the corporation is exempt from taxation if it is— (1) located in the District of Columbia; (2) used for the purposes provided in section 151102 of this title; and (3) not used to produce income. (b) Personal Property.—Personal property of the corporation is exempt from taxation if it is used for the purposes provided in section 151102 of this title or to produce income to be used for those purposes. (c) Annual Report.—The corporation shall submit annually to the Secretary of Education a written report stating in detail for the prior year— (1) the real and personal property held by the corporation; (2) the income from the property; and (3) the expenditure or other use or disposition of the property and income from the property.
Citator
36 U.S.C. § 151106 — Tax exemption is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Real Property.—Real property of the corporation is exempt from taxation if it is— (1) located in the District of Columbia; (2) used for the purposes provided in section 151102 of this title; and (3) not used to produce income. (b) Personal Property.—Personal property of the corporation is exempt from taxation if it is used for the purposes provided in section 151102 of this title or to produce income to be used for those purposes. (c) Annual Report.—The corporation shall submit annually to the Secretary of Education a written report stating in detail for the prior year— (1) the real and personal property held by the corporation; (2) the income from the property; and (3) the expenditure or other use or disposition of the property and income from the property.