FNMA, et al v. City of Chicago, et al
Case Number:
16-4140
Court:
Nature of Suit:
1950 Constitutionality of State Statutes
Companies
Government Agencies
Sectors & Industries:
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December 04, 2017
7th Circ. Won't Rehear Fannie, Freddie's Chicago Tax Row
The Seventh Circuit on Monday refused to reconsider its October decision allowing local transfer taxes levied against mortgage backers Fannie Mae and Freddie Mac to go forward, reversing a district court decision deeming the taxes unconstitutional.
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November 15, 2017
Fannie, Freddie Ask 7th Circ. To Rethink Chicago Tax Ruling
Fannie Mae and Freddie Mac have pushed the Seventh Circuit to reconsider its decision to dissolve an injunction barring the collection of local taxes from Chicagoans who purchased property from them, arguing the court's finding misconstrues the plain text of government federal tax-exemption statutes.
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October 30, 2017
7th Circ. Says Fannie, Freddie Buyers Can't Duck Local Taxes
A Seventh Circuit panel Monday reversed a lower court's decision that deemed unconstitutional the local transfer taxes levied against Chicagoans buying property from Fannie Mae and Freddie Mac, ruling that it was not Congress' intent to shield the buyers from these taxes.