Bonds, notes, or warrants issued under this chapter and:(1) proceeds received from their sale by a holder, to the extent of the holder's cost of acquisition;(2) proceeds received on their redemption before maturity;(3) proceeds received at their maturity; and(4) interest received on them;are exempt from state taxes as provided by IC 6-8-5.[Pre-Local Government Recodification Citation: 18-6-4.5-25.]As added by Acts 1981, P.L.309, SEC.31. Amended by Acts 1982, P.L.28, SEC.11.
Indiana Legal Code