Kansas Statutes 74-8908. Bonds and interest exempt from taxation
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Terms Used In Kansas Statutes 74-8908
- Act: means the Kansas development finance authority act. See Kansas Statutes 74-8902
- Bonds: means any bonds, notes, debentures, interim certificates, grant and revenue anticipation notes, interest in a lease, lease certificate of participation or other evidences of indebtedness, whether or not the interest on which is subject to federal income taxation, issued by the authority pursuant to this act. See Kansas Statutes 74-8902
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: means the state of Kansas. See Kansas Statutes 74-8902
Any bonds issued under the provisions of this act and the interest paid thereon, unless specifically declared to be taxable in the authorizing resolution, shall be exempt from all state, county and municipal taxes, and the exemption shall include income and property taxes.