13:17-28 - Exemption of bonds and notes from taxation
13:17-28.Ā Exemption of bonds and notes from taxation
All bonds or notes issued by the commission pursuant to this act are herebyĀ declared to be issued by a political subdivision of this State and for anĀ essential public and governmental purpose, and such bonds and notes, their transfer and the interest and premium, if any thereon and the income therefrom,Ā including any profit made on the sale thereof, and all assessments, charges,Ā funds, revenues, income and other moneys pledged or available to pay or secureĀ the payment of such bonds or notes, or interest thereon, shall at all times beĀ exempt from taxation of every kind by the State and by the municipalities andĀ other political subdivisions in the State, except transfer, inheritance andĀ estate taxes.
L.1968, c. 404, s. 27.
Ā
All bonds or notes issued by the commission pursuant to this act are herebyĀ declared to be issued by a political subdivision of this State and for anĀ essential public and governmental purpose, and such bonds and notes, their transfer and the interest and premium, if any thereon and the income therefrom,Ā including any profit made on the sale thereof, and all assessments, charges,Ā funds, revenues, income and other moneys pledged or available to pay or secureĀ the payment of such bonds or notes, or interest thereon, shall at all times beĀ exempt from taxation of every kind by the State and by the municipalities andĀ other political subdivisions in the State, except transfer, inheritance andĀ estate taxes.
L.1968, c. 404, s. 27.
Ā