(2) A facility, betterment, or improvement within a project.(3) Property acquired or used by the commission under this chapter or IC 14-6-29 (before its repeal).(4) The income or revenue from the property.(b) The:(1) bonds issued under this chapter or under IC 14-6-29 (before its repeal);(2) interest on the bonds;(3) proceeds received by a holder from the sale of the bonds to the extent of the holder's cost of acquisition;(4) proceeds received upon redemption before maturity or proceeds received at maturity; and(5) receipt of interest and proceeds;are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.[Pre-1995 Recodification Citation: 14-6-29-11 part.]As added by P.L.1-1995, SEC.6. Amended by P.L.254-1997(ss), SEC.19; P.L.79-2017, SEC.61.
Indiana Legal Code