31-17-119 - Taxation of notes, interest and income.
§ 31-17-119. Taxation of notes, interest and income.
All notes issued hereunder and all interest thereon and income therefrom shall be exempt from all taxation except gift, transfer and inheritance taxes.
Sources: Laws, 1966, ch. 557, § 10; Laws, 1979, ch. 466, § 1, eff from and after July 1, 1979.