2016 Rhode Island General Laws
Title 46 - Waters and Navigation
Chapter 46-12.2 - Rhode Island Infrastructure Bank
Section 46-12.2-22 - Tax exemption.
§ 46-12.2-22 Tax exemption.
Bonds issued by the agency and local governmental obligations issued by any local governmental unit in accordance with this chapter or chapter 24-18, their transfer and the income therefrom, including any profit made on the sale thereof, shall, at all times, be exempt from taxation by and within the state. The agency shall not be required to pay any taxes, assessments, or excises upon its income, existence, operation, or property.
History of Section.
(P.L. 1989, ch. 303, § 2; P.L. 2013, ch. 144, art. 20, § 2.)
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