Sec. 14. All bonds and interim receipts or certificates, proceeds received by a holder from the sale of them to the extent of the holder's cost of acquisition, proceeds received upon redemption prior to maturity, proceeds received at maturity, and interest thereon, are exempt from taxation in the state of Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.
As added by Acts 1979, P.L.47, SEC.1. Amended by P.L.21-1990, SEC.8; P.L.254-1997(ss), SEC.7; P.L.79-2017, SEC.10.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 2. Financing of Housing
5-20-2-1. Legislative Findings; Declaration of Purpose
5-20-2-10. Signatures of Officers on Bonds; Validity of Bonds
5-20-2-12. Liability for Bonds
5-20-2-13. Exemption From Contract and Bidding Requirements; Real Property Bid Submitted by Trust
5-20-2-14. Tax Exemption for Bonds
5-20-2-16. Securities Exemption
5-20-2-17. Antitrust Exemption
5-20-2-18. Powers Conferred as Additional and Supplemental; Limitations Imposed; Effect