7 U.S.C. § 1511 : US Code - Section 1511: Tax exemption

Search 7 U.S.C. § 1511 : US Code - Section 1511: Tax exemption

The Corporation, including its franchise, its capital, reserves,
and surplus, and its income and property, shall be exempt from all
taxation on or after February 16, 1938, imposed by the United
States or by any Territory, dependency, or possession thereof, or
by any State, county, municipality, or local taxing authority. A
contract of insurance of the Corporation, and a contract of
insurance reinsured by the Corporation, shall be exempt from
taxation imposed by any State, municipality, or local taxing
authority.