In the event that interest on exempt small issue bonds and/or mortgage revenue bonds is no longer excludable from federal income tax under federal law the provisions of this act with respect to exempt small issue bonds and/or mortgage revenue bonds, as applicable, thereafter shall be deemed to be of no further force and effect.
Miss. Code Ann. § 31-23-69
Effect of changes in federal tax laws
Known as the Mississippi Private Activity Bonds Allocation Act
The act spans §§ 31–31 (11 sections).
Laws, 1987, ch. 522, § 10, eff from and after passage (approved April 21, 1987
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.