West Virginia § 31-19-17 Exemption from taxation

West Virginia Statutes

§ 31-19-17 — Exemption from taxation

West Virginia § 31-19-17

Ch. 31CORPORATIONS

Art. 19WEST VIRGINIA COMMUNITY INFRASTRUCTURE AUTHORITY

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Bluebook

W. Va. Code § 31-19-17 (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 for the enhancement of their residential, agricultural, recreational, economic, commercial and industrial opportunities and is a public purpose. As the construction, acquisition, repair or renovation of community infrastructure projects will constitute the performance of essential governmental functions, the authority shall not be required to pay any taxes or assessments upon any community infrastructure project or upon any property acquired or used by the authority or upon the income therefrom. Such bonds and notes and all interests and income thereon shall be exempt from all taxatio

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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 for the enhancement of their residential, agricultural, recreational, economic, commercial and industrial opportunities and is a public purpose. As the construction, acquisition, repair or renovation of community infrastructure projects will constitute the performance of essential governmental functions, the authority shall not be required to pay any taxes or assessments upon any community infrastructure project or upon any property acquired or used by the authority or upon the income therefrom. Such bonds and notes and all interests and income thereon shall be exempt from all taxation by this state, or any county, municipality, political subdivision or agency thereof, except inheritance taxes.

Legislative History

1986 Reg. Sess., SB403; 1986 Reg. Sess., SB4

Nearby Sections

15

§ 31-1-1

Text

Legislative History

Nearby Sections

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