§53-14  Agency exempt from real property
taxes.  The redevelopment agency shall be exempt from real property taxes
upon any of its land or buildings so long as title is held by it, but not
exceeding two years from the date of their acquisition; provided that the tax
exemption shall not apply to any land or structure from which the agency is
receiving an income. [L 1949, c 379, pt of §4; RL 1955, §143-14; HRS §53-14]