31 C.F.R. § 309.4

Taxation

Read at: eCFRecfr.gov CornellLII GovInfogovinfo.gov CasesGoogle Scholar

The income derived from Treasury bills, whether interest or gain from the sale or other disposition of the bills, shall not have any exemption, as such, and loss from the sale or other disposition of Treasury bills shall not have any special treatment, as such, under the Internal Revenue Code, or laws amendatory or supplementary thereto. The bills shall be subject to estate, inheritance, gift or other excise taxes, whether Federal or State, but shall be exempt from all taxation now or hereafter imposed on the principal or interest thereof by any State, or any of the possessions of the United States, or by any local taxing authority. For purposes of taxation the amount of discount at which Treasury bills are originally sold by the United States shall be considered to be interest.

Notes of Decisions

Cited in 3 cases, 1986–2009 · leading case: Bank of Guam v. United States, 578 F.3d 1318 (Fed. Cir. 2009).

Sort: Relevance Newest Treatment

Bank of Guam v. United States, 578 F.3d 1318 (Fed. Cir. 2009). · cites it 4× “” 31 C.F.R. §§ 309.4 , 340.3, 345.5. In addition to the aforementioned regulations that explicitly exempt USGOs from taxation imposed by a possession, other Treasury regulations define “State” to include “any .”

Bank of Guam v. United States, 80 Fed. Cl. 739 (Fed. Cl. 2008). “See 31 C.F.R. § 309.4 (2007) (Treasury bills); 31 C.”

In re the Est. of Lieberman, 133 Misc. 2d 979 (N.Y. Sur. Ct. 1986). “(31 CFR 309.4.) The general regulations governing transactions in United States bonds and notes also govern transactions in Treasury bills (31 CFR 309.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.