§ 19-811. Tax status

Latest version.

The principal amount of the bonds issued under this subtitle, the transfer of the bonds, the interest payable on the bonds, and any income derived from the bonds, including profit realized in the sale or exchange of the bonds, are exempt from State and local taxes.

HISTORY: An. Code 1957, art. 25, § 11D(e)(5); 2013, ch. 119, § 2.

                    
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