Bonds and interest tax-exempt - Exceptions

Citizens bonds and the interest payable thereon are exempt from taxation by the state of Tennessee and each county, municipality and taxing district of the state, except inheritance, transfer and estate taxes. Acts 1980, ch. 480, § 3. Citizens bonds and the interest payable thereon are exempt from taxation by the state of Tennessee and each county, municipality and taxing district of the state, except inheritance, transfer and estate taxes. Acts 1980, ch. 480, § 3.