Maine Revised Statutes Title 20-A Sec. 10960 – Tax exemption
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Terms Used In Maine Revised Statutes Title 20-A Sec. 10960
- Evidences of indebtedness: means any notes, long-term or short-term, or other evidences of indebtedness issued pursuant to this chapter. See Maine Revised Statutes Title 20-A Sec. 10951
- State: means the State of Maine. See Maine Revised Statutes Title 20-A Sec. 10951
Indebtedness incurred under this chapter and evidences of indebtedness issued in connection with the indebtedness shall be deemed to constitute a proper public purpose and the evidences of indebtedness issued, their transfer and the income from them, including any profits made on the sale of the evidences of indebtedness, shall at all times be exempt from taxation within the State. [PL 1987, c. 735, §14 (NEW).]
SECTION HISTORY
PL 1987, c. 735, §14 (NEW).