15-31-115. Reaffirmation of bond income inclusion in definition of net income for corporate income tax purposes.
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/mt/title-15/chapter-31/part-1/15-31-115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15-31-115 . Reaffirmation of bond income inclusion in definition of net income for corporate income tax purposes. Notwithstanding the provisions of any other law, the income from bonds or other obligations issued by any state or political subdivision of a state are included in gross and net income for purposes of the corporate income tax.