238.040. Tax status of property and securities of authority. - Missouri Statutes

Tax status of property and securities of authority.

238.040. All property, real and personal, owned or held bythe Kansas City area transportation authority, and all interestincome derived from any notes, bonds or other instruments inwriting issued by said authority, shall possess the same status,with respect to taxation in the state of Missouri, as is now ormay hereafter be possessed by property, real and personal, ownedor held by cities, with said state of Missouri, and by theinterest income derived from notes, bonds or other instruments inwriting issued by such cities.

(L. 1965 p. 376 § 4)