Court Opinions

State Laws

US Code

US Constitution

Exemption from taxation - 64 Pa. Cons. Stat. § 6022

Legal Research Home > Pennsylvania Statutes

     § 6022.  Exemption from taxation.
        The effectuation of the authorized purposes of an authority
     created under this chapter shall be in all respects for the
     benefit of the people of this Commonwealth, for the increase of
     their commerce and prosperity and for the improvement of their
     health and living conditions. The authority will, as a public
     instrumentality of the Commonwealth, be performing essential
     governmental functions. In effectuating such purposes, the
     authority shall not be required to pay any taxes or assessments
     upon a convention center or part of a convention center or upon
     property acquired or used or permitted to be used by an
     authority for such purposes. Bonds issued by an authority and
     the transfer of and income from bonds, including profit made on
     the sale of bonds, shall be free from State and local taxation
     within this Commonwealth. This exemption shall not extend to
     gift, estate, succession or inheritance taxes or any other taxes
     not levied directly on the bonds, the transfer of bonds, the
     income from bonds or the realization of profits on the sale of
     bonds.

Last modified: November 27, 2007