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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 371

previous next Effective - 28 Aug 1961bottom

  371.210.  Interest paid exempt from intangible and income taxes. — Interest on bonds, notes or other obligations of a development finance corporation issued under and in accordance with the provisions of this chapter is* exempt from all intangible taxes imposed by this state and all state income taxes.

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(L. 1961 p. 157 § 19)

*Word "are" appears in original rolls.


---- end of effective   28 Aug 1961 ----

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