§ 159B-26. Tax exemption. - North Carolina Statutes

§ 159B‑26.  Tax exemption.

Bonds shall at all times be free from taxation by the State or anypolitical subdivision or any of their agencies, excepting inheritance or gifttaxes, income taxes on the gain from the transfer of the bonds, and franchisetaxes. The interest on the bonds is not subject to taxation as income. (1975, c. 186, s. 1; 1995, c. 46, s. 18.)