Indiana § 36-7-12-31 Bonds, notes, warrants, proceeds, and interest; exemption from state
taxes

Indiana Statutes

§ 36-7-12-31 — Bonds, notes, warrants, proceeds, and interest; exemption from state taxes

Indiana § 36-7-12-31

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 12Economic Development and Pollution Control

This text of Indiana § 36-7-12-31 (Bonds, notes, warrants, proceeds, and interest; exemption from state taxes) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-12-31 (2026).

Text

Bonds, notes, or warrants issued under this chapter and:

(1)proceeds received from their sale by a holder, to the extent of the holder's cost of acquisition;

(2)proceeds received on their redemption before maturity;

(3)proceeds received at their maturity; and

(4)interest received on them; are exempt from state taxes as provided by IC 6-8-5. [Pre-Local Government Recodification Citation: 18-6-4.5-25.] As added by Acts 1981, P.L.309, SEC.31. Amended by Acts 1982, P.L.28, SEC.11.

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Bonds, notes, or warrants issued under this
chapter and:
(1) proceeds received from their sale by a holder, to the extent of
the holder's cost of acquisition;
(2) proceeds received on their redemption before maturity;
(3) proceeds received at their maturity; and
(4) interest received on them;
are exempt from state taxes as provided by IC 6-8-5.
[Pre-Local Government Recodification Citation:
18-6-4.5-25.]
As added by Acts 1981, P.L.309, SEC.31. Amended by Acts
1982, P.L.28, SEC.11.