The title to all property acquired by the authority shall vest in the authority and all such property shall be exempt from taxation to the same extent as other property used for public purposes. All revenue of the authority shall also be exempt from taxation.
KRS 65.620
Title to property -- Tax exemptions
Applied in 1 court decision — leading case E.M. Bailey Distributing Co. v. Conagra, Inc. (1984)
Most recently applied in E.M. Bailey Distributing Co. v. Conagra, Inc. (May 1984)
History: Amended 1968 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.