U.S Code last checked for updates: Aug 06, 2025
§ 1670.
Industrial development bonds
(a)
Issuance
(b)
Exemption of all bonds from income taxation by State and local governments
(1)
In general
(2)
Exemption applicable only to income taxes
(c)
Cross reference
(Pub. L. 98–454, title II, § 202, Oct. 5, 1984, 98 Stat. 1733; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095; Pub. L. 108–326, § 1(a), Oct. 16, 2004, 118 Stat. 1270.)
cite as: 48 USC 1670