77-5-759 - Tax exempt status; bonds.
§ 77-5-759. Tax exempt status; bonds.
Bonds, their transfer and the income therefrom (including any profit made on the sale thereof), shall at all times be free from taxation by the state or any political subdivision or any agency of either thereof, excepting inheritance, estate or gift taxes.
Sources: Laws, 1978, ch. 363, § 25, eff from and after passage (approved March 14, 1978).