198A.200 Tax exempt status. The Kentucky Housing Corporation has been duly created as a de jure municipal <br>corporation and political subdivision of the Commonwealth of Kentucky. Accordingly, <br>the Kentucky Housing Corporation shall not be required to pay any taxes and assessments <br>to the Commonwealth of Kentucky, or any county, municipality or other governmental <br>subdivision of the Commonwealth of Kentucky, upon any of its property or upon its <br>obligations or other evidences of indebtedness pursuant to the provisions of this chapter, <br>or upon any moneys, funds, revenues or other income held or received by the corporation <br>and the notes and bonds of the corporation and the income therefrom shall at all times be <br>exempt from taxation, except for death and gift taxes and taxes of transfers; provided, <br>however, that real property owned by the Kentucky Housing Corporation shall be exempt <br>from all property taxation and special assessments of the state or political subdivisions <br>thereof, but the corporation may agree to pay, in lieu of such taxes, such amounts as the <br>corporation finds consistent with the cost to the state or political subdivision of supplying <br>municipal services to the housing development and maintaining the economic feasibility <br>of the housing development, which payments such bodies are hereby authorized to accept. History: Amended 1976 Ky. Acts ch. 200, sec. 4. -- Amended 1974 Ky. Acts ch. 383, sec. 9. -- Created 1972 Ky. Acts ch. 70, sec. 21.
198A.200 Tax exempt status. The Kentucky Housing Corporation has been duly created as a de jure municipal <br>corporation and political subdivision of the Commonwealth of Kentucky. Accordingly, <br>the Kentucky Housing Corporation shall not be required to pay any taxes and assessments <br>to the Commonwealth of Kentucky, or any county, municipality or other governmental <br>subdivision of the Commonwealth of Kentucky, upon any of its property or upon its <br>obligations or other evidences of indebtedness pursuant to the provisions of this chapter, <br>or upon any moneys, funds, revenues or other income held or received by the corporation <br>and the notes and bonds of the corporation and the income therefrom shall at all times be <br>exempt from taxation, except for death and gift taxes and taxes of transfers; provided, <br>however, that real property owned by the Kentucky Housing Corporation shall be exempt <br>from all property taxation and special assessments of the state or political subdivisions <br>thereof, but the corporation may agree to pay, in lieu of such taxes, such amounts as the <br>corporation finds consistent with the cost to the state or political subdivision of supplying <br>municipal services to the housing development and maintaining the economic feasibility <br>of the housing development, which payments such bodies are hereby authorized to accept. History: Amended 1976 Ky. Acts ch. 200, sec. 4. -- Amended 1974 Ky. Acts ch. 383, sec. 9. -- Created 1972 Ky. Acts ch. 70, sec. 21.
198A.200 Tax exempt status. The Kentucky Housing Corporation has been duly created as a de jure municipal <br>corporation and political subdivision of the Commonwealth of Kentucky. Accordingly, <br>the Kentucky Housing Corporation shall not be required to pay any taxes and assessments <br>to the Commonwealth of Kentucky, or any county, municipality or other governmental <br>subdivision of the Commonwealth of Kentucky, upon any of its property or upon its <br>obligations or other evidences of indebtedness pursuant to the provisions of this chapter, <br>or upon any moneys, funds, revenues or other income held or received by the corporation <br>and the notes and bonds of the corporation and the income therefrom shall at all times be <br>exempt from taxation, except for death and gift taxes and taxes of transfers; provided, <br>however, that real property owned by the Kentucky Housing Corporation shall be exempt <br>from all property taxation and special assessments of the state or political subdivisions <br>thereof, but the corporation may agree to pay, in lieu of such taxes, such amounts as the <br>corporation finds consistent with the cost to the state or political subdivision of supplying <br>municipal services to the housing development and maintaining the economic feasibility <br>of the housing development, which payments such bodies are hereby authorized to accept. History: Amended 1976 Ky. Acts ch. 200, sec. 4. -- Amended 1974 Ky. Acts ch. 383, sec. 9. -- Created 1972 Ky. Acts ch. 70, sec. 21.
