Current as of June 08, 2021 | Updated by FindLaw Staff
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Sec. 21. (a) All:
(1) property owned by the development authority;
(2) revenues of the development authority; and
(3) bonds issued by the development authority, the interest on the bonds, 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 before maturity, proceeds received at maturity, and the receipt of interest in proceeds;
are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.
(b) All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes.
Cite this article: FindLaw.com - Indiana Code Title 8. Utilities and Transportation § 8-22-3.7-21 - last updated June 08, 2021 | https://codes.findlaw.com/in/title-8-utilities-and-transportation/in-code-sect-8-22-3-7-21/
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