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2012 Maine Revised Statutes
TITLE 20-A: EDUCATION
Chapter 121: MAINE-NEW HAMPSHIRE INTERSTATE SCHOOL COMPACT
20-A §3647. Tax exemption


20-A ME Rev Stat § 3647 (2012 through 125th Legis) What's This?

Part 2: SCHOOL ORGANIZATION

§3647. Tax exemption

Bonds and notes of an interstate school district shall be exempt from local property taxes in both states, and the interest or discount thereon and any profit derived from the disposition thereof shall be exempt from personal income taxes in both states. [1981, c. 693, §§ 5, 8 (NEW).]

SECTION HISTORY

1981, c. 693, §§5,8 (NEW).

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