[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: 31CFR352.10]

[Page 316]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 352--OFFERING OF UNITED STATES SAVINGS BONDS, SERIES HH--Table of Contents
 
Sec. 352.10  Taxation.

    The interest paid on Series HH bonds is subject to all taxes imposed 
under the Internal Revenue Code of 1954, as amended. The bonds 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 by any State or any local taxing 
authority.