Statutes > Tennessee Statutes > Title 7 - Consolidated Governments > Chapter 55 - Industrial Building Bond Act of 1955 > 7-55-113 - Exemption from taxation.

7-55-113 - Exemption from taxation.

7-55-113. Exemption from taxation.

All bonds issued pursuant to the provisions of this chapter and the income from the bonds shall be exempt from all state, county and municipal taxation, except inheritance, transfer and estate taxes.

[Acts 1955, ch. 209, § 15; T.C.A., § 6-2913.]