Any property in this state acquired by an authority for railroad purposes pursuant to the provisions of this chapter, and any income derived by the authority from the ownership, operation or control thereof shall be exempt from taxation to the same extent as other property belonging to political subdivisions of this state.
Miss. Code Ann. § 19-29-39
Property and income of authority exempt from taxation
Known as the Railroad Authorities Law
The act spans §§ 19–19 (27 sections).
Laws, 1980, ch. 544, § 20, eff from and after July 1, 1980.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.