2012 Vermont Statutes
Title 29 Public Property and Supplies
Chapter 16 VERMONT TRANSPORTATION AUTHORITY
§ 754 Tax exemption
§ 754. Tax exemption
(a) All property of the authority is public property devoted to an essential public and governmental function and purpose and is exempt from all taxes, franchise fees and special assessments of whatever nature of the state or any subdivision. 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 activities of the authority and fees, charges, funds, revenues, incomes and other moneys of the authority whether or not pledged or available to pay or secure the payment of those bonds or notes, or interest thereon, are exempt from all taxation, franchise fees or special assessments of whatever kind except for transfer, inheritance and estate taxes.
(b) The authority is not required to make or file any reports, statements or informational returns required of any other bodies corporate except as provided in this chapter. (Added 1973, No. 14, § 2, eff. Feb. 23, 1973.)
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