Exemption from taxation
Known as the Revenue Bond Law
The act spans §§ 7–7 (18 sections).
Acts 1935 (Ex
(1) So long as a municipality owns any public works, the property and revenue of such public works shall be exempt from all state, county and municipal taxation.
(2) Bonds and the income from bonds issued pursuant to this chapter shall be exempt from all state, county and municipal taxation, except inheritance, transfer and estate taxes.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.