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Code · Kentucky · Chapter 353 — Mineral conservation and development

353.772 Exemptions from taxation.

79 words·~1 min read·/ky/chapter-353/353-772

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The property of the authority and its income and operation shall be exempt from all taxation by this state or any of its political subdivisions. All bonds and notes of the authority, the interest thereon, and their transfer shall be exempt from all taxation by this state or any of its political subdivisions, except for estate, gift, and inheritance taxes, notwithstanding that interest on bonds or notes of the authority may be or become subject to federal income taxation.
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