2006 Kentucky Revised Statutes - .150   Proceeds not taxable.

293.150 Proceeds not taxable. The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the Commonwealth, for the increase of their commerce and prosperity, and the savings bonds issued under the provisions of this chapter, their transfer and the income therefrom (including any profit made on the sale thereof) shall at all times be free from taxation within the Commonwealth. Effective: July 1, 1972 History: Created 1972 Ky. Acts ch. 368, sec. 15, effective July 1, 1972.