31-23-69 - Effect of changes in federal tax laws. - Mississippi Statutes

§ 31-23-69. Effect of changes in federal tax laws.
 

In the event that interest on exempt small issue bonds and/or mortgage revenue bonds is no longer excludable from federal income tax under federal law the provisions of this act with respect to exempt small issue bonds and/or mortgage revenue bonds, as applicable, thereafter shall be deemed to be of no further force and effect. 
 

Sources: Laws,  1987, ch. 522, § 10, eff from and after passage (approved April 21, 1987).