Del. Code tit. 5 § 1806

Current through 2024 Legislative Session Act Chapter 510

Section 1806 - Exemption from other taxes

The taxation of the income of the building and loan associations under this chapter shall be in lieu of all taxes upon the capital, surplus, property and assets of such organization, except that no real estate owned by any such organization constituting the whole or any part of its capital, surplus or assets shall be exempt from taxation.

5 Del. C. § 1806

59 Del. Laws, c. 434, § 2.;