11-14-303 - Bonds, notes, or other obligations of political subdivisions exempt from taxation except corporate franchise tax.
11-14-303. Bonds, notes, or other obligations of political subdivisions exempt fromtaxation except corporate franchise tax.
All bonds, notes, or other obligations issued under this chapter or under any other lawauthorizing the issuance of bonds, notes, or indebtedness by a local political subdivision or anyother political subdivision now existing or subsequently created under the laws of Utah,including bonds payable solely from special assessments and tax anticipation indebtedness, andthe interest on them shall be exempt from all taxation in this state, except for the corporatefranchise tax.
Amended by Chapter 83, 2006 General Session