So long as the authority owns any of the systems, the property and revenue of such system shall be exempt from all state, county, and municipal taxation. Any bonds issued by the authority pursuant to this chapter, and the income therefrom, shall be exempt from all state, county, and municipal taxation, except inheritance, transfer and estate taxes, and except as otherwise provided by the laws of this state.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 36 - Municipal Energy Authority Act
§ 7-36-102. Chapter Definitions
§ 7-36-108. Independent Operation of Utility System
§ 7-36-116. Rights and Remedies of Bondholders
§ 7-36-117. Bond Not Debt of State, Municipality, or Other Political Subdivision of State
§ 7-36-122. Payments in Lieu of Taxes
§ 7-36-124. Investment of Funds
§ 7-36-125. Assets After Cessation of Existence of Authority
§ 7-36-126. Authority as Political Subdivision for Purposes of Regulation of Public Utilities
§ 7-36-127. Board as Governing Body for Purposes of Open Meetings Act
§ 7-36-128. Authority as Governmental Entity for Purposes of Governmental Tort Liability Act
§ 7-36-129. Authority as Public Agency for Purposes of Interlocal Cooperation Act
§ 7-36-131. Powers Conferred by Chapter Additional to Other Powers