All properties, both real and personal, which a city or county may acquire to be rented or leased to an industrial concern according to KRS 103.200 to 103.280, shall be exempt from taxation to the same extent as other public property used for public purposes, as long as the property is owned by the city or county.
KRS 103.285
Property acquired under KRS 103.200 to 103.280 exempt from taxation
Applied in 4 court decisions — leading case Standard Oil Co. v. Boone County Board of Supervisors (1978)
Most recently applied in Owens-Illinois Labels, Inc. v. Commonwealth (May 2000)
History: Amended 1962 Ky
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.