§ 46-24-10. Tax exemption.
It is hereby declared that the authority and the carrying out of its corporate purposes are in all respects for the benefit of the people of the state of Rhode Island for the improvement of their health, welfare, and prosperity, and the authority will perform an essential government function in the exercise of the powers conferred by this chapter, and the state of Rhode Island covenants that the authority shall be required to pay no taxes or assessments or sums in lieu of taxes, except as provided in § 46-24-11, to the state or any political subdivision thereof upon any of the property acquired by it or under its jurisdiction, control, possession, or supervision, or upon its activities in the operation and maintenance of the property, or upon any earnings, moneys, revenues, or other income derived by the authority, and the income therefrom shall at all times be exempt from taxation.
History of Section.P.L. 1972, ch. 111, § 1.
Structure Rhode Island General Laws
Title 46 - Waters and Navigation
Chapter 46-24 - Pawtuxet River Authority
Section 46-24-1. - Definitions.
Section 46-24-2. - Pawtuxet River authority created.
Section 46-24-3. - Composition of board.
Section 46-24-4. - Compensation of board and agents.
Section 46-24-5. - Officers and employees of board.
Section 46-24-6. - Business prohibited to members.
Section 46-24-7. - Fiscal year.
Section 46-24-8. - Annual reports.
Section 46-24-9. - Powers of authority.
Section 46-24-10. - Tax exemption.
Section 46-24-11. - Payments in lieu of taxes.
Section 46-24-12. - Subcommittees.
Section 46-24-16. - Merit system.
Section 46-24-17. - Money of the authority.
Section 46-24-18. - Funding of authority’s operations.
Section 46-24-19. - Right to alter, amend, or repeal chapter.