§ 57-1-47. Municipal enterprises exempt from taxation.
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/ms/title-57-planning-research-and-development/in-general/57-1-47·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All enterprises acquired, constructed or owned by any of said municipalities under the provisions of Sections 57-1-1 through 57-1-51, are declared the public property of each of said municipalities, and as such, shall not be subject to taxation.