North Carolina Statutes
§ 159B-26 — Tax exemption
North Carolina § 159B-26
JurisdictionNorth Carolina
Ch. 159BJoint Municipal Electric Power and Energy Act
Art. 2Joint Agencies; Municipalities
This text of North Carolina § 159B-26 (Tax exemption) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.C. Gen. Stat. § 159B-26 (2026).
Text
Bonds shall at all times be free from taxation by the State or any political subdivision or any of their agencies, excepting inheritance or gift taxes, income taxes on the gain from the transfer of the bonds, and franchise taxes. The interest on the bonds is not subject to taxation as income. (1975, c. 186, s. 1; 1995, c. 46, s. 18.)
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Nearby Sections
15
§ 159B-1
Short title§ 159B-14
Bonds of a joint agency§ 159B-15
Issuance of bonds§ 159B-16
Resolution or trust agreement§ 159B-16.1
Revenues - NCEMPA members§ 159B-17
Revenues - other municipalities§ 159B-18
Trust funds; investment authority§ 159B-19
Remedies§ 159B-21
Bonds eligible for investmentCite This Page — Counsel Stack
Bluebook (online)
North Carolina § 159B-26, Counsel Stack Legal Research, https://law.counselstack.com/statute/nc/159B/159B-26.