Section 32-22-114 - Exemption from taxation - securities laws

The income or other revenue of the district, all properties at any time owned by the district, any bonds issued by the district, and the transfer of and the income from any bonds issued by the district are exempt from all taxation and assessments in the state. In the resolution or indenture authorizing the bonds, the district may waive the exemption from federal income taxation for interest on the bonds.Added by 2021 Ch. 401,§1, eff. 6/30/2021.L. 2021: Entire article added, (SB 21-238), ch. 2672, p. 2672, § 1, effective June 30.