Sec. 39. The following are exempt from state taxation except the financial institutions tax:

(1) All property owned by the authority.

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Terms Used In Indiana Code 16-22-7-39

(2) All revenues of the authority.

(3) All bonds or other securities issued by the authority and the interest on the bonds or other securities, the proceeds received by a holder from the sale of bonds to the extent of the holder’s cost of acquisition, proceeds received upon redemption at or before maturity and the interest on the proceeds.

[Pre-1993 Recodification Citation: 16-12-20.5-24.]

As added by P.L.2-1993, SEC.5. Amended by P.L.79-2017, SEC.66.