25 U.S.C. § 1715 : US Code - Section 1715: Exemption from taxation

Search 25 U.S.C. § 1715 : US Code - Section 1715: Exemption from taxation

(a) General exemption
Except as otherwise provided in subsections (b) and (c) of this
section, the settlement lands received by the State Corporation
shall not be subject to any form of Federal, State, or local
taxation while held by the State Corporation.
(b) Income-producing activities
The exemption provided in subsection (a) of this section shall
not apply to any income-producing activities occurring on the
settlement lands.
(c) Payments in lieu of taxes
Nothing in this subchapter shall prevent the making of payments
in lieu of taxes by the State Corporation for services provided in
connection with the settlement lands.