SECTION 1. Chapter 712 of the acts of 1963 is hereby amended by striking out section 6, as most recently amended by section 1 of chapter 321 of the acts of 2004 and inserting in place thereof the following section:-
Section 6. The corporation shall not be subject to the provisions of chapter 63 of the General Laws or to any taxes based upon or measured by income. The securities and evidences of indebtedness issued by the corporation, and income therefrom, shall at all times be free from taxation by the commonwealth. Real property owned by the corporation shall not be subject to taxation by the city or town in which it is located until 60 years from the date of its acquisition or until such property is leased, rented or otherwise disposed of, whichever is first.
SECTION 2. This act shall take effect as of January 1, 2013.
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