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2005 Vermont Code - § 180. — Mitigation bonds of the authority exempt from taxation

§ 180. Mitigation bonds of the authority exempt from taxation

All mitigation bonds issued under this subchapter and the income therefrom shall be exempt from taxation by the state of Vermont and all of its political subdivisions, agencies or instrumentalities, except that mitigation bonds shall not be exempt from inheritance, transfer and estate taxes, or taxes in the nature thereof. (Added 2001, No. 145 (Adj. Sess.), § 4.)

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