13:17-28 - Exemption of bonds and notes from taxation - New Jersey Statutes

13:17-28.  Exemption of bonds and notes from taxation
    All bonds or notes issued by the commission pursuant to this act are hereby  declared to be issued by a political subdivision of this State and for an  essential public and governmental purpose, and such bonds and notes, their transfer and the interest and premium, if any thereon and the income therefrom,  including any profit made on the sale thereof, and all assessments, charges,  funds, revenues, income and other moneys pledged or available to pay or secure  the payment of such bonds or notes, or interest thereon, shall at all times be  exempt from taxation of every kind by the State and by the municipalities and  other political subdivisions in the State, except transfer, inheritance and  estate taxes.

     L.1968, c. 404, s. 27.