Tennessee Code 9-9-403 – Bonds and interest tax-exempt – Exceptions
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Terms Used In Tennessee Code 9-9-403
- State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
Citizens bonds and the interest payable thereon are exempt from taxation by the state of Tennessee and each county, municipality and taxing district of the state, except inheritance, transfer and estate taxes.