Maine Revised Statutes
Subchapter 4: MUNICIPAL SECURITIES APPROVAL PROGRAM
10 §1071. Tax exemption

§1071. Tax exemption
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 profit 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, §14 (AMD).]
SECTION HISTORY
PL 1981, c. 476, §2 (NEW). PL 1987, c. 393, §14 (AMD).

Structure Maine Revised Statutes