Section 43-4-618 - Exemption from taxation - securities laws

The income or other revenues of an authority, all properties at any time owned by an authority, any bonds issued by an authority, and the transfer of and the income from any bonds issued by an authority are exempt from all taxation and assessments in the state. In the resolution or indenture authorizing the bonds, an authority may waive the exemption from federal income taxation for interest on the bonds.L. 97: Entire part added, p. 497, § 1, effective August 6.