...be exempt from taxation under this title : ******* (4) Interest upon (a) the obligations of a State, Territory, or any political subdivision thereof, or the District of Columbia, issued on or prior to the date of the passage of this act. * * *. [Italics supplied.] This provision was apparently...

...used in trade or business of a character which is subject to the allowance for depreciation, and (2) obligations of the United States or any of its possessions,...thereof, or the District of Columbia, issued on or after Mar. 1,1941, on a discount basis and payable without interest at a fixed maturity date not exceeding...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...on a discount basis and payable without interest at n fixed maturity date not exceeding one year from the date of issue, or real property used in the trade...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis and payable u-ithout interest at a fi.red maturity date not exceeding one year from the date of issuf, the amount...

...the sale'or exchange of depreciable property short-term noninterest-bearing Government obligations issued on or after March 1, 1941, on a discount basis, and, for 1942 real property, used in trade or business. If such property has been held for more than 6 months,...

...possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Colombia, Issued on or after March 1, 1941, on a discount basis and payable •ttboot Interest at a fixed maturity date not exceeding one year from the date of Issue. • ••••••...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March...1941, on a discount basis and payable without interest nt a fixed maturity date not exceeding one year from the date of issue, or real property used In the...

...property used In trade or business of a character which is subject to the allowance for depreciation, (2) obligations of the United States or any of Its possessions,...subdivision thereof, or the District of Columbia, issued on a discount basis and payable without Interest at a fixed maturity date not exceeding 1 year from date...

...or any of Its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, Issued on or after March 1, 1941, on • discount basis and payable without Interest at a fixed maturity date not exceeding one year from...

...or any of its possessions, or of a State or Territory, or any political subdivision thereof, or of the District of Columbia, issued on or after March 1, 1941, on a discount basis ami payable without Interest at a fixed maturity date not exceeding one year from tbe date of issue...