Section 5-15-22 - Exemption from taxation

The bonds authorized by the Tax Increment for Development Act and the income from the bonds or any other instrument executed as security for the bonds shall be exempt from all taxation by the state or any political subdivision of the state. History: Laws 2006, ch. 75, § 22. ANNOTATIONSEmergency clause. — Laws 2006, ch. 75, § 36 contained an emergency clause and was approved March 6, 2006.