Idaho Statutes
§ 40-408 — TAX EXEMPTION — TURNPIKE PROJECTS
The exercise of powers for turnpike projects shall be in all respects for the benefit of the people of the state, for the increase of their commerce and prosperity, and the improvement of turnpike projects by the board shall constitute the performance of essential governmental functions. The board shall not be required to pay any taxes or assessments upon any turnpike project or any property acquired or used by it relating to turnpike projects or upon the income from them, and any turnpike project and any property acquired or used by the board, and the income from them, and the bonds issued, their transfer and the income from them, including any profit made on the sale of them, shall be exempt from all taxation.
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Idaho § 40-408 (TAX EXEMPTION — TURNPIKE PROJECTS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
[40-408, added 1985, ch. 253, sec. 2, p. 609.]
Nearby Sections
15
§ 40-1001
COUNTERSIGNING, DRAWING AND PAYMENT§ 40-1002
NONPAYMENT — CALL§ 40-1003
NOTICE OF CALL§ 40-1004
NOTICE TO BE MAILED§ 40-1005
INTEREST CEASES TEN DAYS AFTER CALL§ 40-101
DEFINITIONS§ 40-102
DEFINITIONS — A§ 40-103
DEFINITIONS — B§ 40-104
DEFINITIONS — C§ 40-105
DEFINITIONS — D§ 40-106
DEFINITIONS — E§ 40-107
DEFINITIONS — F§ 40-108
DEFINITIONS — G§ 40-109
DEFINITIONS — H