[Code of Federal Regulations]
[Title 32, Volume 4]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 32CFR643.56]

[Page 97]
 
                       TITLE 32--NATIONAL DEFENSE
 
              CHAPTER V--DEPARTMENT OF THE ARMY (CONTINUED)
 
PART 643--REAL ESTATE--Table of Contents
 
                            Subpart C--Leases
 
Sec. 643.56  Taxation of lessee's interest.

    The lessee's interest in leased property may be taxed by State or 
local governments as provided in 10 U.S.C. 2667(e). Each lease will 
contain a provision that if and to the extent that the property owned by 
the Government and included in the lease, as opposed to the leasehold 
interest of the lessee therein, is later made taxable by State or local 
governments under an act of Congress, the lease will be renegotiated.