§ 3307. — Exemption from taxation.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC3307]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 48--TAIWAN RELATIONS
Sec. 3307. Exemption from taxation
(a) United States, State, or local taxes
The Institute, its property, and its income are exempt from all
taxation now or hereafter imposed by the United States (except to the
extent that section 3310(a)(3) of this title requires the imposition of
taxes imposed under chapter 21 of title 26, relating to the Federal
Insurance Contributions Act) or by any State or local taxing authority
of the United States.
(b) Charitable contributions; transfers for public, charitable, and
religious uses; charitable and similar gifts
For purposes of title 26, the Institute shall be treated as an
organization described in sections 170(b)(1)(A), 170(c), 2055(a),
2106(a)(2)(A), 2522(a), and 2522(b) of title 26.
(Pub. L. 96-8, Sec. 8, Apr. 10, 1979, 93 Stat. 17; Pub. L. 99-514,
Sec. 2, Oct. 22, 1986, 100 Stat. 2095.)
References in Text
The Federal Insurance Contributions Act, referred to in subsec. (a),
is act Aug. 16, 1954, ch. 736, Secs. 3101, 3102, 3111, 3112, 3121 to
3128, 68A Stat. 415, as amended, which is classified generally to
chapter 21 (Sec. 3101 et seq.) of Title 26, Internal Revenue Code. For
complete classification of this Act to the Code, see section 3128 of
Title 26 and Tables.
Amendments
1986--Pub. L. 99-514 substituted in subsecs. (a) and (b) ``Internal
Revenue Code of 1986'' for ``Internal Revenue Code of 1954'', which for
purposes of codification was translated as ``title 26'' thus requiring
no change in text.
