(a) The authority, all assets at any time owned by it, the income from those assets, and all bonds issued by the authority, together with the coupons applicable to them, and the income from them, are exempt from all taxation and special assessments in this state except for gift, inheritance, and estate taxes. However, real property and personal property owned by the authority and leased to a third party is subject to property taxation if that property would be subject to taxation if owned by the lessee of it.
(b) [Repealed, Sec. 74 ch 6 SLA 1984].
Section: Previous 18.26.140 18.26.150 18.26.160 18.26.170 18.26.180 18.26.190 18.26.200 18.26.210 18.26.220 18.26.230 18.26.240 18.26.250 18.26.260 18.26.900 NextLast modified: November 15, 2016