Pub. L. 103-354, tit. I, sec. 108
PREEMPTION.
SEC. 108. PREEMPTION. Section 511 (7 U.S.C. 1511) is amended by adding at the end the following sentence: “A contract of insurance of the Corporation, and a contract of insurance reinsured by the Corporation, shall be exempt from taxation imposed by any State, municipality, or local taxing authority”.