§7-15-13. Exemption from taxation.
It is hereby found, determined and declared that the creation
of any authority and the carrying out of its purposes is in all
respects for the benefit of the people of this state in general and
of the participating governments in particular and is a public
purpose; and that the authority will be performing an essential
governmental function in the exercise of the powers conferred upon
it by the provisions of this article. Accordingly, each authority
and, without limitation, its revenues, properties, operations and
activities shall be exempt from the payment of any taxes or fees to
the state or any of its political subdivisions: Provided, That
this exemption shall not apply to the tax imposed by section seven,
article twenty-seven, chapter eleven of this code on gross receipts
derived from transporting patients. Interest on obligations and
all evidences of indebtedness of any such authority shall be exempt
from taxation, except inheritance and transfer taxes.