Revenue obligation securities issued under this subchapter shall constitute a proper public purpose and the securities, their transfer and the income from them, including any profits made on their sale, shall at all times be exempt from taxation within the State, whether or not those securities, their transfer or the income from them, including any profits made on their sale, are subject to taxation under the United States Internal Revenue Code, as amended.
Me. Rev. Stat. tit. 10, § 1049
Tax exemption
Known as the Finance Authority of Maine Act
The act spans §§ 961 to 1100-Z (220 sections).
PL 1981, c. 476, §2 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.