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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 1984 Taxation us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 1984 7 U.S.C. § 1984 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s1984 data/legal/raw/us/code/title-07/usc07.xml ef26cba70914ff689570bedf5025d59012cb7471dc8690cd9a30f147970cffbb 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 63f2c403563a19d4c30191ab0a09d353056bc430230e27c66cc98f4ebd4b75a9 2026-07-04 official
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7 U.S.C. § 1984 - Taxation

Text

All property subject to a lien held by the United States or the title to which is acquired or held by the Secretary under this chapter other than property used for administrative purposes shall be subject to taxation by State, territory, district, and local political subdivisions in the same manner and to the same extent as other property is taxed: Provided, however, That no tax shall be imposed or collected on or with respect to any instrument if the tax is based on—

(1) the value of any notes or mortgages or other lien instruments held by or transferred to the Secretary;

(2) any notes or lien instruments administered under this chapter which are made, assigned, or held by a person otherwise liable for such tax; or

(3) the value of any property conveyed or transferred to the Secretary,

whether as a tax on the instrument, the privilege of conveying or transferring or the recordation thereof; nor shall the failure to pay or collect any such tax be a ground for refusal to record or file such instruments, or for failure to impart notice, or prevent the enforcement of its provisions in any State or Federal court.

(Pub. L. 87128, title III, § 334, Aug. 8, 1961, 75 Stat. 315.)

Notes

Editorial Notes

References in TextThis chapter, referred to in text, was in the original “this title”, meaning title III of Pub. L. 87128, Aug. 8, 1961, 75 Stat. 307, known as the Consolidated Farm and Rural Development Act, which is classified principally to this chapter. For complete classification of title III to the Code, see Short Title note set out under section 1921 of this title and Tables.