§ 42-116-24. Tax exemption.
(a) Bonds issued by the corporation in accordance with this chapter, the principal and
the income from these bonds, including any profit made on the sale of these bonds,
are, at all times, exempt from taxation by and within the state.
(b) The exercise of the powers granted by this chapter are in all respects for the benefit
of the people of the state, the increase of their commerce, welfare, and prosperity
and for the improvement of their health and living conditions and constitute the performance
of an essential governmental function and the corporation, its assets, its properti
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§ 42-116-24. Tax exemption.
(a) Bonds issued by the corporation in accordance with this chapter, the principal and
the income from these bonds, including any profit made on the sale of these bonds,
are, at all times, exempt from taxation by and within the state.
(b) The exercise of the powers granted by this chapter are in all respects for the benefit
of the people of the state, the increase of their commerce, welfare, and prosperity
and for the improvement of their health and living conditions and constitute the performance
of an essential governmental function and the corporation, its assets, its properties,
and its moneys, and the income derived from these are exempt from all state, municipal,
and local taxes, excises and assessments; provided, however, that the corporation
makes payments of real property taxes to municipalities and political subdivisions
with respect to the real property of the corporation (other than real property owned
by the corporation and used for the conduct of its operations) located in the municipalities
and political subdivisions.
(c) With respect to any transfer of real estate or an interest in real estate to or from
the corporation, neither the corporation nor the entity or person making or receiving
the transfer are required to pay any real estate conveyance or transfer tax or recording
fees of any kind on account of instruments or documents recorded by or on behalf of
the corporation or any entity or person in connection with the transfer.