423.03 Housing debentures exempted from taxation.
47 words·~1 min read·
/fl/title-xxx/chapter-423/423-03·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The debentures of a housing authority, together with interest thereon and income therefrom, shall be exempt from all taxes. The exemption granted by this section shall not be applicable to any tax imposed by chapter 220 on interest, income, or profits on debt obligations owned by corporations.