9-40-39. Tax exemption of waterworks and waste disposal facilities.
59 words·~1 min read·
/sd/title-9/chapter-9-40/9-40-39·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All land, improvements and capital equipment owned, leased, acquired, or operated by the municipality pursuant to a lease having a fixed term plus renewal options exceeding three years or a lease - purchase or installment purchase contract, or pursuant to an operating contract described in § 9-40-38 constitute a separate class of property which is exempt from all taxation.