909

For the purpose of enabling the Authority to obtain funds and allow the latter to achieve its corporate purposes, the goods and properties of the Authority or of any subsidiary created by the Authority, as well as the bonds issued by the Authority or any subsidiary thereof, and the revenues derived therefrom, shall at all times be and remain exempted from taxation. The Authority and any subsidiary thereof created pursuant to subsection (a)(22) of § 906 of this title, shall be likewise exempt from the payment of taxes on revenues derived from its properties, enterprises or any other activity, the tax on articles for the use and consumption of its property introduced into Puerto Rico or acquired by the Authority or its subsidiary in any manner, as well as from the property tax and any other type of municipal taxes. History —June 19, 1958, No. 56, p. 120, § 8; May 1, 1968, No. 29, p. 46; May 16, 2006, No. 97, § 11.