So long as a district shall own any system, the property and revenue of such system shall be exempt from all state, county and municipal taxation. Bonds issued pursuant to this chapter and the income from the bonds shall be exempt from all state, county and municipal taxation, except inheritance, transfer and estate taxes.
Structure 2021 Tennessee Code
Title 7 - Consolidated Governments and Local Governmental Functions and Entities
Chapter 82 - Utility District Law of 1937
§ 7-82-102. Review of Rates and Services
§ 7-82-105. Exemption From Taxation
§ 7-82-107. Chapter Unaffected by Other Law — Construction
§ 7-82-109. Water Utility System Operated by County — Transfer to Utility District — Procedure