[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR345.5]

[Page 283]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 345--REGULATIONS GOVERNING 5 PERCENT TREASURY CERTIFICATES OF INDEBTEDNESS--R.E.A. SERIES--Table of Contents
 
Sec. 345.5  Taxation.

    The income derived from the certificates is subject to all taxes 
imposed under the Internal Revenue Code of 1954. The certificates are 
subject to estate, inheritance, gift or other excise taxes, whether 
Federal or State, but are 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.

[40 FR 29846, July 16, 1975]