TITLE 45

Towns and cities

CHAPTER 45-48.1

West Greenwich Water District

SECTION 45-48.1-19



   § 45-48.1-19  Tax exemption. –

Except as may be required by chapter 15.3 of title 46, the district and all its

revenues, income and real and personal property shall be exempt from taxation

and from betterments and special assessments and the district shall not be

required to pay any tax, excise or assessment to or for the state or any of its

political subdivisions; provided, however, that the district is authorized to

enter into agreements to make annual payments in lieu of taxes with respect to

property of the district located outside the town. Bonds and notes issued by

the district and their transfer and the income therefrom, including any profit

made on the sale or exchange thereof, shall at all times be exempt from

taxation by the state and all political subdivisions of the state. The district

shall not be required to pay any transfer tax of any kind on account of

instruments recorded by it or on its behalf.



History of Section.

(P.L. 2003, ch. 270, § 1; P.L. 2003, ch. 364, § 1.)