Indiana Code 21-16-5-12. Tax exemption for principal and interest
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Terms Used In Indiana Code 21-16-5-12
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 12. The principal of and the interest on bonds and notes issued by the corporation under this chapter are exempt from taxation of every kind by the state and by the municipalities and other political subdivisions of the state.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-5.]
As added by P.L.2-2007, SEC.257. Amended by P.L.79-2017, SEC.69.