US Seeks To Intervene In Fannie, Freddie State Tax Appeal

Law360, Los Angeles (January 8, 2014, 8:44 PM EST) -- The federal government moved to intervene Tuesday in a consolidated appeal in which a Massachusetts county and a Rhode Island town are asking the First Circuit to reverse lower court rulings that Fannie Mae and Freddie Mac are exempt from paying state real estate transfer taxes. 

In its motion, the government said it has a vested interest in defending the constitutionality of the mortgage giants' congressionally authorized charter, which exempts them from paying all state and local taxes, noting it has previously been granted leave to intervene...
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