§ 19-221. Exemption from taxation

Latest version.

   The following obligations are exempt from State and local taxation:

   (1) a bond or grant anticipation note issued under this part;

   (2) a bond issued to pay the notes issued under item (1) of this section; and

   (3) the interest on the obligations.

HISTORY: An. Code 1957, art. 31, § 12(g); 2013, ch. 119, § 2.

                    
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