9-11-111 - Exemption from taxation.
9-11-111. Exemption from taxation.
Any bonds issued pursuant to the provisions of this chapter and the income therefrom are exempt from all state, county and municipal taxation except for inheritance, transfer and estate taxes and except as otherwise provided in this code.
[Acts 1937, ch. 300, § 13; C. Supp. 1950, § 3516.22 (Williams, § 3516.23); T.C.A. (orig. ed.), § 9-1111; Acts 1988, ch. 750, § 41.]