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2012 Vermont Statutes
Title 24 Municipal and County Government
Chapter 119 MUNICIPAL BOND BANK
§ 4624 Tax exemption


24 V.S.A. § 4624. What's This?

§ 4624. Tax exemption

All property of the bank is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes and special assessments of the state or any subdivision thereof. All bonds or notes issued under this chapter are issued by a body corporate and public of this state and for an essential public and governmental purpose and those bonds and notes, and the interest thereon and the income therefrom, and all fees, charges, funds, revenues, income and other moneys pledged or available to pay or secure the payment of those bonds or notes, or interest thereon, are exempt from taxation except for transfer inheritance and estate taxes. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)

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