The policy of the state of New Hampshire being to foster and insure, by means of an authority created for the purpose, the development of a mass rapid transit system in aid of a municipality faced with the necessity of a publicly sponsored solution of transit needs within its limits, all property owned or operated by any authority created hereunder shall be exempt from all taxes, fees, or other charges levied by the state of New Hampshire and all of its political subdivisions and taxing districts, and such authority shall likewise be required to pay no taxes or assessments upon its activities or upon any of its revenues.
Source. 1963, 278:1, eff. Sept. 1, 1963.