99.907. Tax exemption for interest on bonds. — The bonds when issued and sold shall be negotiable instruments within the meaning of chapter 400, and the interest thereon shall be exempt from any state or local income taxes under the laws of the state of Missouri. The provisions of section 409.402 to the contrary notwithstanding, the bonds issued pursuant to the provisions of sections 99.875 to 99.912 shall be subject to the provisions of sections 409.101 to 409.418, the Missouri uniform securities act.
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(L. 1992 H.B. 1434 & 1490 § 9 subsec. 8)
---- end of effective 28 Aug 1992 ----
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