US Jumps Into Latest Fannie, Freddie Tax Liability Case

Law360, New York (March 6, 2014, 3:42 PM EST) -- The United States on Thursday moved to intervene in an appeal against Fannie Mae and Freddie Mac by Ohio's Montgomery County Board of Commissioners, which is trying to declare that the loan companies' exemption from having to pay taxes is unconstitutional.

The federal government often intervenes in taxation cases filed against Fannie and Freddie and has, to date, won more than a dozen similar cases. But this doesn't stop municipalities from repeatedly trying their luck. Led by Montgomery County, this latest suit contends that since 2002,...
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