Exemption from property taxation.

Checkout our iOS App for a better way to browser and research.

The authority shall be exempt from any general ad valorem taxes upon any property of the authority acquired and used for its public purposes. The authority may enter into agreements to pay annual sums in lieu of taxes to any county, municipality, or other taxing entity with respect to any real property which is owned by the authority and is located in such county, municipality, or other taxing entity.

Source: L. 94: Entire article added, p. 670, § 1, effective April 19.


Download our app to see the most-to-date content.