West Virginia Statutes

§ 31-15-17 — Exemption from taxation

West Virginia § 31-15-17
JurisdictionWest Virginia
Ch. 31CORPORATIONS
Art. 15WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY

This text of West Virginia § 31-15-17 (Exemption from taxation) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
W. Va. Code § 31-15-17 (2026).

Text

The exercise of the powers granted to the authority by this article will be in all respects for the benefit of the people of the state for the improvement of their health, safety, convenience and welfare and is a public purpose. As the operation and maintenance of projects financed under this article will constitute the performance of essential governmental functions, the authority shall not be required to pay any taxes or assessments upon any property acquired or used by the authority or upon the income therefrom. All bonds and notes of the authority, and all interest and income thereon, shall be exempt from all taxation by this state and any county, municipality, political subdivision or agency thereof, except inheritance taxes.

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Legislative History

1989 Reg. Sess., SB575; 1981 Reg. Sess., SB335

Nearby Sections

15
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Bluebook (online)
West Virginia § 31-15-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/31-15-17.