The bonds and notes issued under this chapter, their transfer and their income, including any profit made on their sale, are at all times free from taxation within the state.
R.I. Gen. Laws § 45-33.2-17
Exemption from taxation
Known as the Municipal Tax Increment Financing Act
The act spans §§ 45–45 (30 sections).
P.L. 1984, ch. 78, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.