Indiana § 5-20-2-14 Tax exemption for bonds

Indiana Statutes

§ 5-20-2-14 — Tax exemption for bonds

Indiana § 5-20-2-14

Title 5STATE AND LOCAL ADMINISTRATION

Art. 20HOUSING

Ch. 2Financing of Housing

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Bluebook

Ind. Code § 5-20-2-14 (2026).

Text

All bonds and interim receipts or certificates,
proceeds received by a holder from the sale of them to the extent of the
holder's cost of acquisition, proceeds received upon redemption prior
to maturity, proceeds received at maturity, and interest thereon, are
exempt from taxation in the state of Indiana for all purposes except the
financial institutions tax imposed under IC 6-5.5.
As added by Acts 1979, P.L.47, SEC.1. Amended by
P.L.21-1990, SEC.8; P.L.254-1997(ss), SEC.7; P.L.79-2017,
SEC.10.

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All bonds and interim receipts or certificates,
proceeds received by a holder from the sale of them to the extent of the
holder's cost of acquisition, proceeds received upon redemption prior
to maturity, proceeds received at maturity, and interest thereon, are
exempt from taxation in the state of Indiana for all purposes except the
financial institutions tax imposed under IC 6-5.5.
As added by Acts 1979, P.L.47, SEC.1. Amended by
P.L.21-1990, SEC.8; P.L.254-1997(ss), SEC.7; P.L.79-2017,
SEC.10.