The metropolitan district is hereby declared to be performing a public function and bonds of the metropolitan district are declared to be issued for an essential public and governmental purpose and, accordingly, interest on such bonds and income from such bonds shall be exempt from income taxation by this state.
Mo. Rev. Stat. § 67.1766
Income from bonds exempt from income tax
Known as the State-Local Technical Services Act
The act spans §§ 67–67 (560 sections).
Effective: 28 Aug 1999; (L. 1999 S.B. 405 § 67.791 subsec. 6, first sentence of subdiv
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.