STATE STATUTES & CODES
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MAINE STATUTES AND CODES
10 §1071. Tax exemption
Title 10: COMMERCE AND TRADE
Part 2: BUILDING AND DEVELOPMENT
Chapter 110: FINANCE AUTHORITY OF MAINE
Subchapter 4: MUNICIPAL SECURITIES APPROVAL PROGRAM
§1071. Tax exemption
Revenue obligation securities issued under this subchapter shall constitute a proper public purpose and the securities, their transfer and the income from them, including any profit made on their sale, shall at all times be exempt from taxation within the State, whether or not those securities, their transfer or the income from them, including any profits made on their sale, are subject to taxation under the United States Internal Revenue Code, as amended. [1987, c. 393, §14 (AMD).]
SECTION HISTORY
1981, c. 476, §2 (NEW). 1987, c. 393, §14 (AMD).