§ 37-18-9. Exemption from taxation - Payments in lieu of taxes. (a) The corporation shall not be required to pay any taxes or assessments upon or in respect to any property of the corporation levied by the town.
(b) The corporation shall make payments in lieu of real property taxes and assessments to the town with respect to income producing projects of the corporation located in the town, and for police, fire, sanitation, health protection, and municipal services provided by the town to the real estate held by the corporation in the town. The payments in lieu of taxes shall be in such amounts as shall be agreed upon by the corporation and the town.
History of Section. (P.L. 1979, ch. 116, § 9.)
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