Rhode Island § 42-133-10 § 42-133-10. Exemption from taxation.

Rhode Island Statutes

§ 42-133-10 — § 42-133-10. Exemption from taxation.

Rhode Island § 42-133-10

Title 42State Affairs and Government

Ch. 42-133Tobacco Settlement Financing Corporation Act

This text of Rhode Island § 42-133-10 (§ 42-133-10. Exemption 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 § 42-133-10 (2026).

Text

§ 42-133-10. Exemption from taxation.
The exercise of the powers granted by this chapter shall be in all respects for the
            benefit of the people of the state, and the corporation, and any trust established
            by the corporation, shall not be required to pay taxes of the state or any political
            subdivision of the state of any kind, including any tax or assessment on any property
            owned by the corporation, or any trust established by the corporation, under the provisions
            of this chapter or upon the income from any property. Any bonds issued by the corporation
            under the provisions of this chapter, their transfer, and the income from them (including
         

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§ 42-133-10. Exemption from taxation.

The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of the state, and the corporation, and any trust established by the corporation, shall not be required to pay taxes of the state or any political subdivision of the state of any kind, including any tax or assessment on any property owned by the corporation, or any trust established by the corporation, under the provisions of this chapter or upon the income from any property. Any bonds issued by the corporation under the provisions of this chapter, their transfer, and the income from them (including any profits made on their sale), shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state, excepting inheritance, estate, and gift taxes.