IC 5-1.2-4-22: Bonds; exempt from state taxes

Sec. 22. Bonds issued under this article and:

(1) proceeds received from their sale by a holder, to the extent of the holder's costs of acquisition;

(2) proceeds received on their redemption before maturity;

(3) proceeds received at their maturity; and

(4) interest received on them;

are exempt from state taxes as provided by IC 6-8-5.