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·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 12 Economic Development and Pollution Control

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.

Indiana § 36-7-12-31 (Bonds, notes, warrants, proceeds, and interest; exemption from state taxes) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.