§ 42-133-10 - Exemption from taxation. - Rhode Island Statutes

SECTION 42-133-10

   § 42-133-10  Exemption from taxation.– The exercise of the powers granted by this chapter shall be in all respects forthe benefit of the people of the state, and the corporation, and any trustestablished by the corporation, shall not be required to pay taxes of the stateor any political subdivision of the state of any kind, including any tax orassessment on any property owned by the corporation, or any trust establishedby the corporation, under the provisions of this chapter or upon the incomefrom any property. Any bonds issued by the corporation under the provisions ofthis chapter, their transfer, and the income from them (including any profitsmade on their sale), shall at all times be free from taxation by the state orany political subdivision or other instrumentality of the state, exceptinginheritance, estate, and gift taxes.