Maine Revised Statutes Title 10 Sec. 1049 – Tax exemption
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Terms Used In Maine Revised Statutes Title 10 Sec. 1049
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72
Revenue obligation securities issued under this subchapter shall constitute a proper public purpose and the securities, their transfer and the income from them, including any profits made on their sale, shall at all times be exempt from taxation within the State, whether or not those securities, their transfer or the income from them, including any profits made on their sale, are subject to taxation under the United States Internal Revenue Code, as amended. [PL 1987, c. 393, §11 (AMD).]
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1987, c. 393, §11 (AMD).