Indiana Statutes

§ 21-16-5-12 — Tax exemption for principal and interest

Indiana·Title 21 HIGHER EDUCATION·Art. 16 EARN INDIANA PROGRAM; STUDENT LOANS;·Ch. 5 Secondary Market for Guaranteed Student Loans
The principal of and the interest on bonds and notes issued by the corporation under this chapter are exempt from taxation of every kind by the state and by the municipalities and other political subdivisions of the state. [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-5.]

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Legislative History

As added by P.L.2-2007, SEC.257. Amended by P.L.79-2017, SEC.69.

Nearby Sections

15
§ 21-12-1-1
Definitions
§ 21-12-1-11
"Fund"
§ 21-12-1-12
Repealed
§ 21-12-1-13
"Program"
§ 21-12-1-14
"Scholarship"
§ 21-12-1-2
"Academic term"
§ 21-12-1-3
"Academic year"
§ 21-12-1-4
"Active duty"
§ 21-12-1-4.5
"Adult student grant"
§ 21-12-1-6
"Commission"
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