Bonds, their transfer and the income therefrom, including any profit made on the sale thereof, shall at all times be exempt from all taxation by the state or any political subdivision thereof.
La. R.S. 33:4546.16
Bonds exempt from taxation
Known as the State Power Authority Act
The act spans §§ 33–33 (379 sections).
Acts 1988, No. 412, §1; Acts 2010, No. 175, §4.
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.