|
|
|
U.S. Code as of:
01/19/04
Section 1846. Reservation of rights to States
(a) In general
No provision of this chapter shall be construed as preventing any
State from exercising such powers and jurisdiction which it now has
or may hereafter have with respect to companies, banks, bank
holding companies, and subsidiaries thereof.
(b) State taxation authority not affected
No provision of this chapter shall be construed as affecting the
authority of any State or political subdivision of any State to
adopt, apply, or administer any tax or method of taxation to any
bank, bank holding company, or foreign bank, or any affiliate of
any bank, bank holding company, or foreign bank, to the extent that
such tax or tax method is otherwise permissible by or under the
Constitution of the United States or other Federal law.
|
|