Rhode Island § 39-18-12 § 39-18-12. Exemptions from taxation.

Rhode Island Statutes

§ 39-18-12 — § 39-18-12. Exemptions from taxation.

Rhode Island § 39-18-12

Title 39Public Utilities and Carriers

Ch. 39-18Rhode Island Public Transit Authority

This text of Rhode Island § 39-18-12 (§ 39-18-12. Exemptions from taxation.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 39-18-12 (2026).

Text

§ 39-18-12. Exemptions from taxation.
The exercise of the powers granted by this chapter will be in all respects for the
            benefit of the people of the state and for the increase of their commerce, maintenance,
            and increase of their transportation and general prosperity and for the improvement
            of their health, welfare, and living conditions and as the acquisition, operation,
            and maintenance by the authority of the transit properties acquired will constitute
            the performance of essential governmental functions, the authority shall not be required
            to pay any taxes or assessments upon the facilities or upon any property acquired
            or used by the

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§ 39-18-12. Exemptions from taxation.

The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state and for the increase of their commerce, maintenance, and increase of their transportation and general prosperity and for the improvement of their health, welfare, and living conditions and as the acquisition, operation, and maintenance by the authority of the transit properties acquired will constitute the performance of essential governmental functions, the authority shall not be required to pay any taxes or assessments upon the facilities or upon any property acquired or used by the authority under the provisions of this chapter, or upon the income from the operation of the transit facilities. The bonds issued under the provisions of this chapter, their transfer, and income derived therefrom (including any profit made on the sale thereof) at all times shall be free from taxation within the state.