Alaska Statutes.
Title 19. Highways and Ferries
Chapter 75. Knik Arm Bridge and Toll Authority
Section 261. Exemption From Taxation.
previous: Section 211. - 19.75.251. Bonds of the Authority; Trust Indentures and Trust Agreements; Funds and Reserves; Validity of Pledge; Nonliability On Bonds; Pledge of the State. [Repealed, § 13 ch 51 SLA 2014].
next: Section 271. Bonds Legal Investments For Fiduciaries. [Repealed, § 13 ch 51 SLA 2014].

AS 19.75.261. Exemption From Taxation.

The real and personal property of the authority and its assets, income, and receipts are declared to be the property of a political subdivision of the state and are exempt from all taxes and special assessments of the state or a political subdivision of the state. Nothing in this section affects or limits an exemption from license fees, property taxes, or excise, income, or other taxes provided under any other law, nor does it create a tax exemption with respect to the interest of any business enterprise or other person, other than the authority, in any property, assets, income, receipts, project, or lease, regardless of whether financed under this chapter.

All content © 2024 by Touch N' Go/Bright Solutions, Inc.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2022. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.