§ 23-19-26. Tax exemption.
(a) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state, for their well-being and prosperity and for the improvement of their social and economic conditions, and the corporation shall not be required to pay any tax or assessment on any property owned by the corporation under the provisions of this chapter or upon the income from that property; nor shall the corporation be required to pay any recording fee or transfer tax of any kind on account of instruments recorded by it or on its behalf; nor shall the corporation be required to pay gasoline and diesel engine fuel taxes for the fuel consumed by its vehicles and equipment and used exclusively in the performance of its on-site duties pursuant to this chapter. The corporation shall pay each municipality in which the corporation sites a facility, as a payment in lieu of taxes, a minimum fee of: (1) Two dollars ($2.00) per ton for each ton of acceptable waste processed at that facility during each operating year of that facility, or (2) five hundred thousand dollars ($500,000) per operating year, whichever sum is greater. Each of the minimum sums shall escalate in accordance with the same escalation formula by which the operation and maintenance fee set forth in the service agreement covering the facility escalates; provided further, however, the corporation may direct payments in lieu of taxes to be paid to a city or town in which other properties or facilities are located. Nothing in this section shall preclude the corporation and a municipality within which a facility has been sited, from negotiating and entering into a host community agreement that provides for benefits to the municipality, either monetary or non-monetary, in addition to the payments in lieu of taxes set forth in this section.
(b) Any bonds, notes, or other obligations issued by the corporation under the provisions of this chapter, the transfer, and the income from the obligations (including any profits made by their sale ), shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state, excepting inheritance, estate, and gift taxes.
History of Section.P.L. 1974, ch. 176, § 1; P.L. 1978, ch. 305, § 18; G.L. 1956, § 23-46.1-26; P.L. 1979, ch. 39, § 1; G.L. 1956, § 23-19-26; P.L. 1986, ch. 522, § 2; P.L. 1992, ch. 133, art. 111, § 1.
Structure Rhode Island General Laws
Chapter 23-19 - Rhode Island Resource Recovery Corporation
Section 23-19-1. - Short title.
Section 23-19-1.1. - Mission statement.
Section 23-19-2. - Legislative findings.
Section 23-19-3. - Declaration of policy.
Section 23-19-4. - Legislative purposes of Rhode Island Resource Recovery Corporation.
Section 23-19-5. - Definitions.
Section 23-19-7. - Commissioners — Oath of office — Conflict of interest.
Section 23-19-8. - Employment of executive director and support services — Books and records.
Section 23-19-9. - Purposes of the corporation.
Section 23-19-10. - General powers and duties.
Section 23-19-10.1. - Construction of gas pipelines.
Section 23-19-10.2. - Solid waste disposal facilities — Sites — Eminent domain.
Section 23-19-10.3. - Highway construction — Eminent domain.
Section 23-19-11. - Planning requirements.
Section 23-19-11.1. - Initial resource recovery system development plan.
Section 23-19-11.2. - Improvements of the central landfill.
Section 23-19-11.3. - Central landfill — Water quality and public health.
Section 23-19-11.4. - Initial resource recovery facilities.
Section 23-19-13. - Municipal participation in state program.
Section 23-19-13.2. - Disposal of infectious and pathological waste.
Section 23-19-13.3. - Prohibiting business due to conviction of certain acts.
Section 23-19-13.5. - Interim rates.
Section 23-19-13.6. - Cover materials not permitted.
Section 23-19-14. - Bonds and notes of the corporation.
Section 23-19-15. - Short term notes.
Section 23-19-16. - Security for bonds or notes.
Section 23-19-17. - Capital reserve funds and appropriations.
Section 23-19-18. - Trust funds.
Section 23-19-19. - Remedies of bondholders and noteholders.
Section 23-19-20. - Pledge of the state.
Section 23-19-21. - Credit of state not pledged.
Section 23-19-22. - Notes and bonds as legal investments.
Section 23-19-24. - Reporting requirements.
Section 23-19-24.1. - Solid waste diversion — Economic impact and strategies reporting.
Section 23-19-25. - Authorization to accept appropriated moneys.
Section 23-19-26. - Tax exemption.
Section 23-19-27. - Severability.
Section 23-19-28. - Violations — Sanctions — Injunctive relief.
Section 23-19-28.1. - Procedures to enforcement.
Section 23-19-29. - Liberal construction.
Section 23-19-30. - State central landfill — Annual liquid waste or sludge analysis.
Section 23-19-31. - Recycling facility at central landfill.
Section 23-19-32. - Grants-in-aid.
Section 23-19-33. - Bonus incentive program.
Section 23-19-34. - Central landfill buffer zone.
Section 23-19-34.1. - Removal of houses — Buffer zone.
Section 23-19-35. - Central landfill — Adjoining residential property.
Section 23-19-35.1. - Use of acquired property.
Section 23-19-36. - Central landfill — Funds for acquisition.
Section 23-19-37. - Financial accountability.
Section 23-19-38. - Report of the auditor general.
Section 23-19-40. - Utilization of buffer zone — Restrictions.