State Codes and Statutes
Statutes > Utah > Title-19 > Chapter-09 > 19-9-11519-9-115. Tax exemption of property, income, and obligations of authority.
All property acquired or held by the authority is declared to be public property used foressential public and governmental purposes. All property owned by the authority and all incomederived from it is exempt from taxation by the state or its political subdivisions. All principaland income derived by holders of obligations issued by the authority is also exempt from taxationby the state or its political subdivisions, except for the corporate franchise tax.
Renumbered and Amended by Chapter 184, 2003 General Session
