Statutes > Idaho Statutes > TITLE 42 IRRIGATION AND DRAINAGE -- WATER RIGHTS AND RECLAMATION > CHAPTER 41 WATER AND SEWER DISTRICT REVENUE BONDS > 42-4115 WORKS AND BONDS EXEMPT FROM TAXATION.

42-4115 WORKS AND BONDS EXEMPT FROM TAXATION.

TITLE 42

IRRIGATION AND DRAINAGE -- WATER RIGHTS AND RECLAMATION

CHAPTER 41

WATER AND SEWER DISTRICT REVENUE BONDS

42-4115. Works and bonds exempt from taxation. So long as a district shall own any works, the property and revenue of such works shall be exempt from taxation. Bonds issued under the water and sewer district revenue bond act and the income therefrom shall be exempt from taxation, except transfer and estate taxes.