Utah § 63H-8-404 Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax.

Utah Statutes

§ 63H-8-404 — Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax.

Utah·Title 63H Independent State Entities·Ch. 63H-8 Utah Housing Corporation Act·Part 63H-8-4 Corporation Assets and Obligations

(1)Property acquired or held by the corporation under this chapter is declared to be public property used for essential public and governmental purposes.

(2)The property, its income, and notes and bonds issued under this chapter, the interest payable on the notes and bonds, and income derived from the notes and bonds are exempt from taxation of every kind by the state, a county, a municipality, and any other political subdivision of the state, except for the corporate franchise tax.

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

(1) Property acquired or held by the corporation under this chapter is declared to be public property used for essential public and governmental purposes.
(2) The property, its income, and notes and bonds issued under this chapter, the interest payable on the notes and bonds, and income derived from the notes and bonds are exempt from taxation of every kind by the state, a county, a municipality, and any other political subdivision of the state, except for the corporate franchise tax.

Utah § 63H-8-404 (Corporation property, notes, and bonds -- Tax exemption except corporate franchise tax.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.