Title 45
Towns and Cities

Chapter 12
Indebtedness of Towns and Cities

R.I. Gen. Laws § 45-12-23

§ 45-12-23. Tax exemption.

The income from any bonds, notes, certificates, or other evidences of indebtedness issued by any city, town, or other political subdivision, under the provisions of this chapter or any other general or special law, shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state.

History of Section.
P.L. 1979, ch. 356, § 1.