The revenue bonds issued pursuant to this article and the income therefrom shall be exempt from taxation except inheritance, estate and transfer taxes; and the real and personal property which a county commission or a municipality may acquire to be leased, sold or otherwise disposed of, according to the provisions of this article, shall be exempt from taxation by the state, or any county, municipality, or other levying body, as public property, so long as the same is owned by such county or municipality.
W. Va. Code § 13-2C-15
Exemption from taxation
Known as the Industrial Development and Commercial Development Bond Act
The act spans §§ 13–13 (22 sections).
Applied in 1 court decision — leading case In re Tax Assessment Against Maier (1984)
Most recently applied in In re Tax Assessment Against Maier (July 1984)
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.