99.907. Tax exemption for interest on bonds. - Missouri Statutes

Tax exemption for interest on bonds.

99.907. The bonds when issued and sold shall be negotiableinstruments within the meaning of chapter 400, RSMo, and theinterest thereon shall be exempt from any state or local incometaxes under the laws of the state of Missouri. The provisions ofsection 409.402, RSMo, to the contrary notwithstanding, the bondsissued pursuant to the provisions of sections 99.875 to 99.912shall be subject to the provisions of sections 409.101 to409.418, RSMo, the Missouri uniform securities act.

(L. 1992 H.B. 1434 & 1490 § 9 subsec. 8)