Home/Delaware/Statutes/Title: 9/Part: Kent County/Ch. 54: KENT COUNTY TAX INCREMENT FINANCING ACT/§ 5412
Delaware Statutes

§ 5412 — Exemption of bonds from taxation

Delaware § 5412
JurisdictionDelaware
Title9
PartKent County
Ch. 54KENT COUNTY TAX INCREMENT FINANCING ACT

This text of Delaware § 5412 (Exemption of bonds from taxation) is published on Counsel Stack Legal Research, covering Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Del. Code tit. 9, § 5412 (2026).

Text

The principal amount of the bonds, the interest payable thereon, their transfer, and any income derived therefrom, including any profit made in the sale or transfer thereof, shall be exempt from taxation by the State and by the several counties and municipalities of this State.

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Legislative History

81 Del. Laws, c. 25, § 1

Nearby Sections

15
§ 5401
Title
§ 5402
Definitions
§ 5403
Bonds to finance development of industrial, commercial, or residential area authorized
§ 5404
Payment of bonds
§ 5405
Application of bond proceeds
§ 5406
Conditions precedent to issuance of bonds
§ 5407
Resolution creating special fund
§ 5408
Uses of special fund
§ 5409
Pledge of revenue from taxes on tax increment into other fund
§ 5410
Agreements to pay revenue from taxes on tax increment into special fund
§ 5411
Ordinance authorizing bonds
§ 5412
Exemption of bonds from taxation
§ 5413
Nature and incidents of bonds
§ 5414
Taxation of leased property in TIF District
§ 5415
TIF District consistency with certified comprehensive plan
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Bluebook (online)
Delaware § 5412, Counsel Stack Legal Research, https://law.counselstack.com/statute/de/5412.