§ 160A-480.14. Taxation of revenue bonds. - North Carolina Statutes

§ 160A‑480.14.  Taxation of revenue bonds.

Any bonds and notes issued by the Authority under the provisions ofthis Part shall be exempt from all State, county, and municipal taxation orassessment, direct or indirect, general or special, whether imposed for thepurpose of general revenue or otherwise, excluding inheritance and gift taxes,income taxes on the gain from the transfer of bonds and notes, and franchisetaxes. The interest on bonds and notes issued by an Authority under theprovisions of this Part shall not be subject to taxation as to income. (1995, c. 458, s. 1.)