HRS §39A-294
Special purpose revenue bonds are tax-free
This section says that special purpose revenue bonds issued under this part, and the income they earn, are free from state, county, and city taxes. The only taxes that still apply are inheritance, transfer, and estate taxes.
everyone
The statute, as written — Special purpose revenue bonds exempt from taxation
Special purpose revenue bonds and the income derived from the bonds issued pursuant to this part shall be exempt from all state, county, and municipal taxation, except for inheritance, transfer, and estate taxes.
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