§46-25-53  Exemption from taxation. –


Published: 2015

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TITLE 46

Waters and Navigation

CHAPTER 46-25

Narragansett Bay Commission

SECTION 46-25-53



   § 46-25-53  Exemption from taxation. –

The commission shall not be required to pay state taxes of any kind, and the

commission, its projects, property, and moneys and, except for estate,

inheritance, and gift taxes, any notes issued under the provisions of this

chapter, and the income (including gain from sale or exchange) therefrom, shall

at all times be free from taxation of every kind by the state and by the

municipalities and all political subdivisions of the state.



History of Section.

(P.L. 1981, ch. 91, § 2.)