68-2309. Same; interest and income from bonds exempt from taxation, exception. - Kansas Statutes

68-2309

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 23.--EXPRESS HIGHWAYS AND FREEWAYS

      68-2309.   Same; interest and income from bonds exempt from taxation,exception.The exercise of the powers granted by this act will be in all respectsfor the benefit of the people of the state, for the increase of theircommerce and prosperity and for the improvement of their health and livingconditions; and as the construction, improvement and reconstruction ofhighway projects in the state will constitute the performance of essentialgovernmental functions, all bonds issued pursuant to the provisions of thisact, and all income or interest therefrom, at all times shall be exemptfrom all state taxes, except inheritance taxes.

      History:   L. 1972, ch. 252, § 8; Feb. 22.