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Delaware Code Title 22. Municipalities § 1315. Tax exemption

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) All bonds of a municipal electric company are declared to be issued on behalf of the State for an essential public and governmental purpose and to be debts of a state municipal corporation.

(b) The property of a company including any pro rata share of any property owned by a company in conjunction with any other person or public agency is declared to be a public property used for essential public and governmental purposes and such property or pro rata share, a company and its income shall be exempt from all taxes of the State or any state public body.

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Cite this article: FindLaw.com - Delaware Code Title 22. Municipalities § 1315. Tax exemption - last updated January 01, 2026 | https://codes.findlaw.com/de/title-22-municipalities/de-code-sect-22-1315/

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