North Dakota Statutes
§ 40-33.1-12 — Tax exemptions
North Dakota § 40-33.1-12
This text of North Dakota § 40-33.1-12 (Tax exemptions) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.D. Cent. Code § 40-33.1-12 (2026).
Text
1.It is hereby determined that the creation of an authority and the carrying out of its
corporate purposes is in all respects for the benefit of the people of the city which has
authorized it and its environs, and is a public purpose, and an authority shall be
regarded as performing a governmental function in the exercise of the powers
conferred upon it by this chapter and shall be required to pay no ad valorem taxes
upon any of the property acquired by it or under its jurisdiction or control or supervision
or upon its activities.
2.Any bonds or notes issued pursuant to this chapter, together with the income
therefrom, as well as the property of an authority and income from any other source,
shall be exempt from taxation, except for transfer and estate taxes.
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Nearby Sections
15
§ 40-01-01
Definitions§ 40-01-02
Municipalities are bodies corporate§ 40-01-04
Vested rights§ 40-01-09
Official newspaper of municipality§ 40-01-13
Payment of accounts by municipalityCite This Page — Counsel Stack
Bluebook (online)
North Dakota § 40-33.1-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/40-33.1-12.