The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
FORM AND NATURE OF BONDS AND NOTES
(Cite as: 24 V.S.A. § 4624)
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§ 4624. Tax exemption
All property of the Bank is public property devoted to an essential public and governmental
function and purpose and is exempt from all taxes and special assessments of the State
or any subdivision thereof. All bonds or notes issued under this chapter are issued
by a body corporate and public of this State and for an essential public and governmental
purpose and those bonds and notes, and the interest thereon and the income therefrom,
and all fees, charges, funds, revenues, income, and other monies pledged or available
to pay or secure the payment of those bonds or notes, or interest thereon, are exempt
from taxation except for transfer inheritance and estate taxes. (Added 1969, No. 216 (Adj. Sess.), § 3, eff. March 27, 1970.)