Fannie Mae Should Pay Mass. Transfer Taxes, 1st Circ. Told

Law360, New York (November 26, 2013, 4:17 PM EST) -- A Massachusetts county asked the First Circuit on Friday to reverse a lower court's ruling that Fannie Mae and Freddie Mac are exempt from paying real estate transfer taxes in the state, saying Congress violated the 10th Amendment by giving them immunity from state taxes.

Bristol County said the Massachusetts district court brushed aside its argument that Congress cannot give preferential tax treatment to private entities without violating the Commerce Clause, claiming the trial court simply deferred to other rulings in favor of Fannie Mae and Freddie Mac in...
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