§ 1808. Taxation of bonds.
50 words·~1 min read·
/de/title-22/chapter-18-special-development-districts/1808A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The principal amount of the bonds, the interest payable on the bonds, their transfer and any income derived from the transfer, including any profit made in the sale or transfer of the bonds, shall be exempt from taxation by the State and by the counties and municipalities of the State.