Idaho Statutes
§ 50-1042 — PROJECTS AND BONDS EXEMPT FROM TAXATION
So long as a city shall own any works or rehabilitated existing electrical generating facilities, the property and revenue of such works or rehabilitated existing electrical generating facilities shall be exempt from taxation. Bonds issued under sections 50-1027 through 50-1042, Idaho Code, and the income therefrom shall be exempt from taxation, except transfer and estate taxes.
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Idaho § 50-1042 (PROJECTS AND BONDS EXEMPT FROM TAXATION) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[50-1042, added 1967, ch. 429, sec. 202, p. 1249; am. 1977, ch. 50, sec. 9, p. 99.]
Nearby Sections
15
§ 50-1001
FISCAL YEAR§ 50-1002
ANNUAL BUDGET§ 50-1005A
ACCUMULATION OF FUND BALANCES§ 50-101
INCORPORATION§ 50-1013
DEPOSIT AND INVESTMENT OF FUNDS§ 50-1014
TRANSFER OF FUNDS