260.075. Projects subject to taxation--notes, bonds and their income tax free, exceptions. - Missouri Statutes

Projects subject to taxation--notes, bonds and their income tax free,exceptions.

260.075. Projects acquired, constructed, reconstructed,enlarged, improved, furnished, equipped, maintained, repaired,operated, leased, financed or sold by the authority pursuant tosections 260.005 to 260.090 shall be subject to all real andtangible personal property taxes and assessments of the state ofMissouri, or any county, municipality, or any governmentalsubdivision thereof. The notes and bonds of the authority andthe income therefrom shall at all times be exempt from taxation,except for death and gift taxes and taxes on transfers.

(L. 1972 H.B. 1041 § 15)

Effective 1-22-73