§49-14 Undertaking, loan program, and revenue bonds exempt from taxation. So long as the county owns any undertaking or administers a loan program, the property and revenue of the undertaking or loan program shall be exempt from all state, county, and municipal taxation; provided that any interest in property provided or given as security for a loan made under a loan program shall not be or be deemed to be property of the county for purposes of this section. Revenue bonds issued pursuant to this chapter and the income therefrom shall be exempt from all taxation by the State or any county or other political subdivision thereof, except inheritance, transfer, and estate taxes. [L 1989, c 80, pt of §3]
Structure Hawaii Revised Statutes
Title 6. County Organization and Administration
49-3 Additional powers of counties.
49-4 Authorization of undertaking, loan program and revenue bonds; details of revenue bonds.
49-6 Form and execution of revenue bonds.
49-8 Support facility for variable rate revenue bonds.
49-9 Covenants in resolution authorizing issuance of revenue bonds.
49-10 Rates, rentals, fees and charges; undertakings and loan programs to be self-sustaining.
49-11 Use of revenue and user taxes of undertaking or loan program.
49-12 Lien and charge of revenue bonds.
49-13 Revenue bonds not a general or moral obligation of the county.
49-14 Undertaking, loan program, and revenue bonds exempt from taxation.
49-15 Federal tax-exempt status; preference; protection.
49-16 Revenue bonds legal investments.
49-17 Duties of the director of finance.
49-18 Investment of reserves, etc.
49-19 Bond anticipation notes.
49-20 Refunding revenue bonds.
49-21 General laws applicable.
49-22 Consent of another county.
49-23 Consent of state agencies.