TITLE 7. LOCAL GOVERNMENT

CHAPTER 14. TRANSPORTATION

Part 10. Transportation Improvement Authorities

Tax Exemption

7-14-1007. Tax exemption. Property in this state acquired for a transportation improvement authority for transportation purposes pursuant to the provisions of this part and income derived by the authority from the ownership, operation, or control of property are exempt from taxation to the same extent as other property used for public purposes.

History: En. Sec. 7, Ch. 219, L. 2003.