HRS §516-41
Tax exemption for housing corporation property and bonds
This section says that the Hawaii housing finance and development corporation and any property it owns (that is not leased or sold) are free from all taxes and assessments. Also, the bonds and other debts the corporation issues are for a public purpose and are tax-exempt, including the interest paid on them.
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The statute, as written — Exemption from taxation and assessments
The Hawaii housing finance and development corporation and the property acquired by it under this part, if not leased or sold, are exempt from any and all taxes and assessments. Bonds, notes, debentures, and other evidences of indebtedness issued by the corporation are declared to be issued for a public purpose and to be public instrumentalities and, together with interest thereon, shall be exempt from taxes.
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