7-37-114 - Tax exemption of bonds.
7-37-114. Tax exemption of bonds.
All bonds and the income from the bonds issued pursuant to the provisions of this chapter shall be exempt from all state, county, and municipal taxation, except inheritance, transfer and estate taxes, except as otherwise provided in this code.
[Acts 1951, ch. 137, § 12 (Williams, § 4406.53l ); T.C.A. (orig. ed.), § 6-1714; Acts 1988, ch. 750, § 26.]