‘ . t. · \ `
9.1025 ,· to ’T"‘+°"”··"“V°”
m,,S’=page 434), sh;11 bearelhemable in gold at the pleesure J ~~· 0,- the {mired states other 10 youu tram the date ot their {sage, ‘pm·a1»¥e quarterly in gold eoln at the rate of 2 per eeptum perj 1 miltam; and such shell be exempt trom ell wxes-or duties _ " 6; me Uxlited as well as taxation in anytorm by gf under State, lmmicippl. crcleul fguthority. (June 23, 1902, c,1302,§·8,·32 Stqt,4841) -; ;_» .- , _·»· i __ ’ 745. btuest, and exenpden fren taxes Panerai Coed bonds-4—Bopde under autl1ority_ot'gection 39 or xl` Act ofyrkuxw 5. .1999 6, Thirty-sixth statutes, page 117) wall. be ipnyubie yeers from the date ot tissue, gm beer interest myeble q¤¤rter1y_ ln gold com at e rece not exceeding 3 per ewtum per •,¤¤uip;·d¤d such shall be exempt from all HIE! or duties. of the United Stetes, es vgeu, es. from taxatioii la. any form by or under State, municipalp or local authority. .(A¤¢. 5,.1999, c. 6, $.39,36 Stat.‘117.),_ _ V 746. Payment, interest, exenptiaa from taxes, etc., of First {liberty bmi.-—Be¤d¤ `imed under 1 of the First Libl erty Bom1.Act (Act of April 24; 1917, chepter ,4, eeetiou 1, `Fortleth Statutes, puze 35), shall be subject to the term.g‘·aml conditions of tune, conversion, redemption, maturities, pay, ment, and rate and time“of paymezit ot `intermt, not exceeding 3% ¢per cenwi per umoé;-, as the Secretary o£__the Treasury hes, The principal and '-interest thereof shall be payable in United Sthtes {old coitfot the present etai1¢lard¤ et value and shall be eiempt, both as to principal and interest, frem all taxation, except estate or ixlberitagxce taxes,. imposed by authority of the United States, or its possessions, ‘ or by any State or loenltaxing authority if but such- boridsshkzll not. ' bca} the circulétion privilege. (Apr. 24, 1917, c._ 4, §" 1, 40 Stat.V35.), °_ _ V ‘ " - _ 741. Tix cxemptiem; ieeow and qugbsequeat Liberty loans.- All bonds authorised by sections 752, l754, and 757 of this title shill be exempt, both,. as to principal, and interest from all taxation lmposed on September 24, 1917, or thermfter the United~ Stdtea, any State, or qny of the possessions of the U£ited States, or by any loml Jtexlng authority, except (gn) estate or inheritance taxesgand (b), graduated etlditieunl income taxes, commonly known as Surtaxes, and exccm* proits amt! wer-prodts tutes, imposed on &ptember W 4, 1917, or thereafter by the United S` tes, upon the income proms ’ot lndlvidegla, ‘ pnrtnershi Q a.seocletions,_ or? corpora}: tions,. The interest on an lnmo t of-such bonds hind certifleatm the principal of which d not exceed ln the aggregate $5,999, owned by·n¤y indlvi ual, part rehlp, association, or `coqaoratien, shall be exempt from the in provided fo1'·1Il' euhdirieloe (U) of this section. `(Sept, 24, 1917, `c. ·56, { 7, 40Stat.51.)· _ _ . , .. U / _ ` 748. Additional Liberty bond tar exemptions.-?-in `addition to the exemptions contained in section .747 of thi; title 4_ per centum and 4% centum Liberty bonds, shall be exempt from graduated additional income term, commonly known as eurtsxes, and exems-pronto and wnr·pro¤m_ tures, imposed oi: June 2, 1924, or thereafter by the United Statee upon the lncem or prohté of individuals, partnerships, corporations, or associations, in respect to the . interest on aggregate principal amounts thereof as fellows: _‘ . » l ` Until the expiration ot two yegrs dtter the date ot the terminetion of the war between the_‘United.States anf! the German Government (July, 2, 1921), as -tlxed’ by proclamation ot the Prtmldent, on $125,000 aggregate principal Qmimut; end for three years more ‘ on $50,000 pmrente principal amount. (June 2. 1924, {91 p. m., c. %4,_§’_10¤, 43 Strut. 849.) , _ » · 749. Fim, third, `md {earth Liberty loans; bonds; ¢X¢¤¤¢l0§ fron t•xg¤on.-—-—(n) Until expiration ot he years after the. date of the termination. ct the Vwar between the United Stntee nm the Germnnvovernmeut, _(July 2, 192) 88270’-#28-·--66 f _ `
ryamz zrzzvazvcn. 4 1 § 751 . . . _ I f , _ — · has H-xed by proclamatloxi of the President, lu addition to the ‘ exemptions provided in eection 747 of this title in respect to the interest on an amount of bonds and certiiicates, authorized 0 by metions .752, 754 andt 757 of this title, the principal -0fn - Whidl d_0€S Bofcxceed ia the aggregate,$5,000, and in addition . to all other exemptions provided in the_,Seeond Liberty Bond Act (September 24, ·1917,`-chapter_ 56, Fortieth Statutes, page 288) orf the supplement to Second Liberty Bond Act, (§eptember’ 24, 1918, c1;apter” 176, .” Fortieth Statutes, page 965) the Yinterest. received on and after January ·1,` 1919, Tons an amount oi rbqnds :0f the ilrst Liberty loaa converted; dated November 15, 191], May 9, 1918, or_0et0ber 24, 1918, the second Liberty loan converted and unconverted, the third‘Liberty-loan, and the fourth Liberty loan, the principalot which does not exceed $30,000 aa the ( aggregate, 'ovmed by any individual, , partnershipnassociation, dr corporation, shall be eiempt from graduated additional ineome taxes, commonly known as sur- , taxes, and excess-prphts ·and war·protlts taxes, 1mp¤m1'·e¤_ March — 3, 1919, or thereafter by the United States, upon the income or proilts. of individuals, partnershipe, associations or corporations. ° · e _ - I. _ `. , -' .· .(~b) In addition' to the exemption provided in subdivision (a), and in addition to the other exemptions therein‘,·referred, to, the interest received bn and after January 1., 1919, on ap amount of the bonds therein speciaed the principal of whieh does_`n0t,exceed $20,000 in they aggregate, l owned by any la; dividualy partnership, `association, or `cerporaltiony shall be exempt f1’0II1·;_th8» taxes therein, specitled':. Propidcd; That no owner of such bonds shall befehtitledi. te exemption ih respect to the interest on an aggregate. principal arnount of fsuch b0nds_e1;ceedi11g.three times tbeprineipal amount ofnotes, of the Vietory.Liberty loan originally subscribed for by, such 'ownepand Still owned by him at the date of lrlstax return. (Mar: 3,31919, c.:100, § 2, ,40 Stat;`1310.) . . · g , -‘ 750. Bonds and ·.i:crti5eates of. imzlebtemas beneieially owned byenonresident aliens notengaged ia business inxllaited ‘ States exeanpt from t•x•ti0¤;—N0twltkstandta§. the provigous of the Second Liberty Act (September _2t,=1917,,cliapte1· 56,. Fortieth Statutes, page 288) or or chapter 10 of "1‘ltle* 15,"(War Finance Corporation Act) or ot any otherlaw, bonds, V notesf and certitlcates of indebtedness of the United States and bonds. ot the War Finance Corporation»shaIl, while beue· Hclally ownegffa nonresident alien individual, or a Qoreim corporation, rtnership, orassociation, notezngaged in business in the United States, be exempt both as to". principal and interest ·troin`any and .all‘taxatieg1 imposed enjiuly 9, 1918. or thereafter by the United States, ’ any State, or any. of the lposeessionsioi, the United States or by any local taxing author _lty. (J¤ly·9, 1918, c.`142. §_3,‘*·i·C Stat. 845; Mar, 3, 1919, ga , 100,-§ 4, 40 Stat. 1311.) -— -—- — _ , » Y7,51. Console of 1930, interest, payment, exemption frog W tyres.-—·¥'1‘lre bendsl of the United Statesn bearing interwt at 5 per [eentum `per annum, payable February 1, 1904, and any bonds of the United States bearing intereat at 4,per`centum `perlammm, payable July 1, *1907, and any bcndsbf the United, Statea bearing intereatiat 3 per eentuna per annum, payable August ·1, 1908, eichanged for an —equ&l.amorint of coupon or registered, bonds of the United States in the form prescribed by the Secretary of the, Treasury, _ in denominations of $50 or any riiultipke thereof, bearing interest at the rate of 2 per centum per annum, payable quarterly, shall be payable at the pleasure of tbe'United Stateslatter thirty years from the date of their issue, aud aald bonds to be payable, principal and latereat, in gold coin of the standard w,·alue#on March 14, 1900, and be exempt from the payment at all taxes or duties or the United States, as well aafrom taxation in any form by or ‘ under State, municipal, or local authority. __(Mar. 14,1900, c. 41, S 11, 81 Staf48.) ’ ‘ `
