{"data":{"id":"us-de/22-del.-c.-1315","jurisdiction":"us-de","citation":"22 Del. C. § 1315","heading":"Tax exemption.","body":"(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.\n(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.","path":["Title 22. Municipalities","CHAPTER 13. Municipal Electric Companies"],"source_url":"https://delcode.delaware.gov/title22/c013/index.html#1315","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:27Z","sha256":"37ade58382be33f7e509177ab38e69309197377aae0c60a4effad435e79ed94f","source_id":"us-de","stale":true,"prev":"us-de/22-del.-c.-1314","next":"us-de/22-del.-c.-1316"},"notice":"GroundRules: Original legal text. Not legal advice."}