Ind. Code § 36-7-12-31

Current through P.L. 171-2024

Section 36-7-12-31 - Bonds, notes, warrants, proceeds, and interest; exemption from state taxes

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.

IC 36-7-12-31

Pre-Local Government Recodification Citation: 18-6-4.5-25.

As added by Acts1981 , P.L. 309, SEC.31. Amended by Acts1982 , P.L. 28, SEC.11.