All bonds issued by any nonprofit organization for the purpose of providing funds to construct and equip a student union building or any addition thereto or student dormitory shall be exempt from taxation, and the interest on said bonds shall not be subject to tax under the provisions of the Kansas income tax act. History: L. 1941, ch. 364, § 10; L. 1947, ch. 434, § 4; L. 1949, ch. 457, § 1; L. 1975, ch. 495, § 20; July 1.
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