17 NCAC 05C .0405. OBLIGATIONS OF FEDERAL NATIONAL MORTGAGE ASSOCIATION

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Interest income or other income realized on obligations of Federal National Mortgage Association is taxable income since the obligations are not those of the United States.

History Note: Authority G.S. 105-130.5; 105‑262;

Eff. October 23, 1977;

Amended Eff. January 1, 1994.

                    
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