§ 31-17-119. Taxation of notes, interest and income.
   
All notes issued hereunder and all interest thereon and income therefrom shall be exempt from all taxation except gift, transfer and inheritance taxes.  
  
Sources: Laws,  1966, ch. 557, § 10; Laws, 1979, ch. 466, § 1, eff from and after July 1, 1979.