The principal amount of the bonds, the interest payable thereon, their transfer, and any income derived therefrom, including any profit made in the sale or transfer thereof, shall be exempt from taxation by the State and by the several counties and municipalities of this State.
Del. Code tit. 9, § 5412
Exemption of bonds from taxation
Known as the Kent County Tax Increment Financing Act
The act spans §§ 9–9 (17 sections).
81 Del
Official source: Delaware Code Online. Reproduced from public-domain Delaware statutes; confirm against the official source for the current text. Not legal advice.