Maine Statutes
§ 5 §13120-H — Taxation and fees
Notwithstanding any other provision of law, for the purposes of this subchapter, transactions and property of the authority must be treated as follows.
1.Revenue obligation securities; exemption from taxation.
Revenue obligation securities of the authority are issued for an essential public and governmental purpose, are public instruments and, together with interest and income, including the profit made from their transfer or sale, are exempt from taxation within the State.
2.Conveyances, leases, mortgages, deeds of trust; trust indentures; exemptions from taxation.
Conveyances by or to the authority and leases, mortgages and deeds of trust or trust indentures by or to the authority are exempt from all taxation by the State or any of its political subdivisions, including, but not limited
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Legislative History
PL 2001, c. 703, §6 (NEW).
Nearby Sections
15
§ 5 §13120-A
Authority established; purpose§ 5 §13120-B
Definitions§ 5 §13120-C
Organization and responsibilities§ 5 §13120-D
Board of trustees; appointment; chair; employees§ 5 §13120-E
Agreements; contracts§ 5 §13120-F
Receive, use and invest funds§ 5 §13120-G
Acquisition, use and disposition of property§ 5 §13120-H
Taxation and fees§ 5 §13120-I
Bonds§ 5 §13120-J
Interest of trustee or employee§ 5 §13120-K
Annual report; audit§ 5 §13120-L
Rules§ 5 §13120-M
Disclosure and confidentiality of records§ 5 §13120-N
Speculative industrial building program§ 5 §13120-O
Community Industrial Buildings Fund