Tennessee § 7-87-102 Port authorities public and governmental bodies - Tax exempt status

Tennessee Statutes

§ 7-87-102 — Port authorities public and governmental bodies - Tax exempt status

Tennessee § 7-87-102

Title7

This text of Tennessee § 7-87-102 (Port authorities public and governmental bodies - Tax exempt status) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 7-87-102 (2026).

Text

(a)It is hereby declared that the port authorities created pursuant to this chapter are public and governmental bodies acting as agencies and instrumentalities of the municipality or municipalities with respect to which the authority is organized and that the acquisition, operating and financing of ports and related facilities by such port authorities are hereby declared to be for a public and governmental purpose and a matter of public necessity.

(b)The property and revenues of the authority or any interest in the property and revenues shall be exempt from all state, county, and municipal taxation.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) It is hereby declared that the port authorities created pursuant to this chapter are public and governmental bodies acting as agencies and instrumentalities of the municipality or municipalities with respect to which the authority is organized and that the acquisition, operating and financing of ports and related facilities by such port authorities are hereby declared to be for a public and governmental purpose and a matter of public necessity. (b) The property and revenues of the authority or any interest in the property and revenues shall be exempt from all state, county, and municipal taxation.