(1) The income and, to the extent permitted by the Constitution, the property of the Oregon Mass Transportation Financing Authority shall be exempt from all taxation in the State of Oregon. For purposes of the Oregon Securities Law, bonds issued by the authority shall be deemed to be securities issued by an instrumentality or a political subdivision of the State of Oregon.
(2) Interest payable on bonds of the authority shall be exempt from taxes imposed on income by the State of Oregon. [1977 c.662 §12]Section: Previous 391.530 391.540 391.550 391.560 391.570 391.580 391.590 391.600 391.605 391.610 391.620 391.630 391.640 391.650 391.660 Next
Last modified: August 7, 2008