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Statutes > Kansas > Chapter68 > Article20 > Statutes_28797

68-20,104

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 20.--TOLL ROADS OR TURNPIKES

68-20,104. Exemption from taxation.The exercise of the powers granted by this act will be in all respectsfor the benefit of the people of the state, for the increase of theircommerce and prosperity, and for the improvement of their health and livingconditions, and as operation and maintenance of highway projects by theauthority will constitute the performance of essential governmentalfunctions, the authority shall not be required to pay any taxes orassessments upon any highway project or any property acquired or used bythe authority under the provisions of this act, their transfer and theincome therefrom (including any profit made on the sale thereof) and allbonds issued under the provisions of this act and all sales, transfers, andincome of or from such bonds shall at all times be free from taxationwithin the state.

History: L. 1973, ch. 269, § 12; July 1.

State Codes and Statutes

Statutes > Kansas > Chapter68 > Article20 > Statutes_28797

68-20,104

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 20.--TOLL ROADS OR TURNPIKES

68-20,104. Exemption from taxation.The exercise of the powers granted by this act will be in all respectsfor the benefit of the people of the state, for the increase of theircommerce and prosperity, and for the improvement of their health and livingconditions, and as operation and maintenance of highway projects by theauthority will constitute the performance of essential governmentalfunctions, the authority shall not be required to pay any taxes orassessments upon any highway project or any property acquired or used bythe authority under the provisions of this act, their transfer and theincome therefrom (including any profit made on the sale thereof) and allbonds issued under the provisions of this act and all sales, transfers, andincome of or from such bonds shall at all times be free from taxationwithin the state.

History: L. 1973, ch. 269, § 12; July 1.

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State Codes and Statutes

Statutes > Kansas > Chapter68 > Article20 > Statutes_28797

68-20,104

Chapter 68.--ROADS AND BRIDGES PART III.--MISCELLANEOUS Article 20.--TOLL ROADS OR TURNPIKES

68-20,104. Exemption from taxation.The exercise of the powers granted by this act will be in all respectsfor the benefit of the people of the state, for the increase of theircommerce and prosperity, and for the improvement of their health and livingconditions, and as operation and maintenance of highway projects by theauthority will constitute the performance of essential governmentalfunctions, the authority shall not be required to pay any taxes orassessments upon any highway project or any property acquired or used bythe authority under the provisions of this act, their transfer and theincome therefrom (including any profit made on the sale thereof) and allbonds issued under the provisions of this act and all sales, transfers, andincome of or from such bonds shall at all times be free from taxationwithin the state.

History: L. 1973, ch. 269, § 12; July 1.