371.210. Interest paid exempt from intangible and income taxes.

Interest paid exempt from intangible and income taxes.

371.210. Interest on bonds, notes or other obligations of adevelopment finance corporation issued under and in accordancewith the provisions of this chapter is* exempt from all intangibletaxes imposed by this state and all state income taxes.

(L. 1961 p. 157 § 19)

*Word "are" appears in original rolls.