§ 46-24-10 - Tax exemption. - Rhode-island Statutes

State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-24 > 46-24-10

SECTION 46-24-10

§ 46-24-10 Tax exemption. – It is hereby declared that the authority and the carrying out of its corporatepurposes are in all respects for the benefit of the people of the state ofRhode Island and Providence Plantations for the improvement of their health,welfare, and prosperity, and the authority will perform an essential governmentfunction in the exercise of the powers conferred by this chapter, and the stateof Rhode Island and Providence Plantations covenants that the authority shallbe required to pay no taxes or assessments or sums in lieu of taxes, except asprovided in § 46-24-11, to the state or any political subdivision thereofupon any of the property acquired by it or under its jurisdiction, control,possession, or supervision, or upon its activities in the operation andmaintenance of the property, or upon any earnings, moneys, revenues, or otherincome derived by the authority, and the income therefrom shall at all times beexempt from taxation.

State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-24 > 46-24-10

SECTION 46-24-10

§ 46-24-10 Tax exemption. – It is hereby declared that the authority and the carrying out of its corporatepurposes are in all respects for the benefit of the people of the state ofRhode Island and Providence Plantations for the improvement of their health,welfare, and prosperity, and the authority will perform an essential governmentfunction in the exercise of the powers conferred by this chapter, and the stateof Rhode Island and Providence Plantations covenants that the authority shallbe required to pay no taxes or assessments or sums in lieu of taxes, except asprovided in § 46-24-11, to the state or any political subdivision thereofupon any of the property acquired by it or under its jurisdiction, control,possession, or supervision, or upon its activities in the operation andmaintenance of the property, or upon any earnings, moneys, revenues, or otherincome derived by the authority, and the income therefrom shall at all times beexempt from taxation.

State Codes and Statutes

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State Codes and Statutes

Statutes > Rhode-island > Title-46 > Chapter-46-24 > 46-24-10

SECTION 46-24-10

§ 46-24-10 Tax exemption. – It is hereby declared that the authority and the carrying out of its corporatepurposes are in all respects for the benefit of the people of the state ofRhode Island and Providence Plantations for the improvement of their health,welfare, and prosperity, and the authority will perform an essential governmentfunction in the exercise of the powers conferred by this chapter, and the stateof Rhode Island and Providence Plantations covenants that the authority shallbe required to pay no taxes or assessments or sums in lieu of taxes, except asprovided in § 46-24-11, to the state or any political subdivision thereofupon any of the property acquired by it or under its jurisdiction, control,possession, or supervision, or upon its activities in the operation andmaintenance of the property, or upon any earnings, moneys, revenues, or otherincome derived by the authority, and the income therefrom shall at all times beexempt from taxation.