§ 40.256 EXEMPTION FROM TAXATION.
   The system shall be exempt from all county and municipal taxes and registration and license fees; the system shall be exempt from all State taxes and registration and license fees to the extent allowable by law. All property of the system is declared to be public property devoted to an essential public and governmental function and purpose and shall be exempt from all taxes and special assessments of the state or by any subdivision thereof to the extent allowable by law.
(Ord. 9327, passed 2-5-2018)