42-4115. WORKS AND BONDS EXEMPT FROM TAXATION. So long as a district shall own any works, the property and revenue of such works shall be exempt from taxation. Bonds issued under the water and sewer district revenue bond act and the income therefrom shall be exempt from taxation, except transfer and estate taxes.
History:
[42-4115, added 1976, ch. 62, sec. 1, p. 219.]
Structure Idaho Code
Title 42 - IRRIGATION AND DRAINAGE -- WATER RIGHTS AND RECLAMATION
Chapter 41 - WATER AND SEWER DISTRICT REVENUE BONDS
Section 42-4101 - SHORT TITLE.
Section 42-4102 - GRANT OF AUTHORITY.
Section 42-4103 - DEFINITIONS.
Section 42-4105 - SUPERVISION OF WORKS.
Section 42-4106 - WORKS TO BE SELF-SUPPORTING.
Section 42-4107 - USE OF WORKS — REVENUE.
Section 42-4108 - PRELIMINARY EXPENSES.
Section 42-4109 - RESOLUTION PRIOR TO CONSTRUCTION — ELECTION.
Section 42-4110 - BONDS — FORM — CONDITIONS.
Section 42-4111 - BONDS — ISSUANCE — TERMS — CONDITIONS.
Section 42-4112 - VALIDITY OF BONDS.
Section 42-4113 - LIEN OF BONDS.