Tax exemptions

Sec. 27. The: (1) bonds, notes, or other evidences of indebtedness; (2) proceeds from and the interest on the bonds, notes, or other evidences of indebtedness; (3) water property and facilities of the district; and (4) revenues received from the furnishing of water and providing fire protection; are exempt from taxation by the state. [Pre-1995 Recodification Citation: 13-3-4-10.] As added by P.L.1-1995, SEC.26.