9-4-918 - Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax. - Utah Statutes

9-4-918. Corporation property, notes, and bonds -- Tax exemption exceptcorporate franchise tax.
All property acquired or held by the corporation under this part is declared to be publicproperty used for essential public and governmental purposes, and all the property, its income,and notes and bonds issued under this part, the interest payable on the notes and bonds, andincome derived from the notes and bonds, shall at all times be exempt from all taxation of everykind and nature whatsoever imposed by the state, any county, any municipality, or any otherpolitical subdivision of the state, except for the corporate franchise tax.

Amended by Chapter 319, 2001 General Session