Notwithstanding any other provision of law (whether enacted before or after the enactment of this section) which grants to any instrumentality of the United States an exemption from taxation, such instrumentality shall not be exempt from the tax imposed by section 3301 unless such other provision of law grants a specific exemption, by reference to section 3301 (or the corresponding section of prior law), from the tax imposed by such section.
Pub. L. 86–778, title V, § 531(d)(1)74 Stat. 983(Added , , .)
Editorial Notes
References in Text
Pub. L. 86–778Enacted before or after the enactment of this section, referred to in text, means enacted before or after , the date of approval of .
Prior Provisions
section 3311 of this titleA prior section 3309 was renumbered .
Statutory Notes and Related Subsidiaries
Effective Date
section 535 of Pub. L. 86–778section 3305 of this titleSection applicable with respect to remuneration paid after 1961 for services performed after 1961, see , set out as an Effective Date of 1960 Amendment note under .
Applicability to Federal Land Banks, Federal Intermediate Credit Banks, and Banks for Cooperatives
section 531(g) of Pub. L. 86–778section 3305 of this titleApplicability of this section to Federal land banks, Federal intermediate credit banks, and banks for cooperatives, see , set out as a note under .