Sec. 21. Tax Exempt Status. Bonds, their transfer and the income therefrom (including any profit made on the sale thereof), shall at all times be free from taxation by the state or any political subdivision or any agency of either thereof, excepting inheritance or gift taxes.
As added by Acts 1980, P.L.68, SEC.1.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 2.2. Municipal Electric Utility Programs
8-1-2.2-1. Findings and Purpose
8-1-2.2-3. Authorization to Cooperate
8-1-2.2-4. Joint Ownership of Project
8-1-2.2-5. Sale of Capacity or Output by a Municipality
8-1-2.2-6. Licenses and Approvals
8-1-2.2-7. Authority to Contract for Energy Exchange
8-1-2.2-9. General Powers of Joint Agencies
8-1-2.2-10. Contracts With Municipality
8-1-2.2-12. Trust Agreement or Resolution on Bondholders' Rights
8-1-2.2-16. Bond Eligibility for Investment
8-1-2.2-17. Agreement of State With Bondholders
8-1-2.2-18. Limited Liability on Bonds
8-1-2.2-19. Approval of Commission
8-1-2.2-20. Acquisition and Construction Contracts
8-1-2.2-22. Payments in Lieu of Taxes
8-1-2.2-24. Dissolution of Joint Agencies
8-1-2.2-26. Government Grants and Loans
8-1-2.2-28. Liability of Officers
8-1-2.2-29. Construction With Other Laws
8-1-2.2-31. Member Participating by Electronic Means of Communication