Amendment status not verified — confirm the current text below against the official source.
Power of exemption. - (1) The Corporation may, be resolution passed in this behalf, exempt either wholly or in part from the payment of any tax levied un- der this Act, any class of persons or any class of property or goods. (2) The Corporation may also exempt, in whole or in part for any period not ex- ceeding one year from the payment of any tax, any person who by reason of poverty may in its opinion, be unable to pay the same, and may renew such ex- emption as often may be necessary. Section 157