Bonds issued under the provisions of this chapter, and the income therefrom, shall be exempt from any taxes, except inheritance, estate, and transfer taxes.
N.D. Cent. Code § 40-57-13
Bonds exempt from taxation - Exception
Known as the Municipal Industrial Development Act
The act spans §§ 40-57-01 to 40-57-20 (24 sections).
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.