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§ 5515. Exemption from taxation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 24 P.S. Education

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 28. The Pennsylvania Higher Educational Facilities Authority Act of 1967 (Refs & Annos)
24 P.S. § 5515
§ 5515. Exemption from taxation
The effectuation of the authorized purposes of the authority created under this act in all respects shall and will be for the benefit of the people of the Commonwealth, for the increase of their welfare and prosperity and for the improvement of their education and educational facilities, and since the authority will be performing essential public functions in effectuating such purposes, the authority shall be exempt from payment of any taxes or assessments upon any property acquired, held, owned, leased or used by it for such purposes, and the bonds and revenue anticipation notes issued by the authority, their transfer and the income therefrom (including any profits made on the sale thereof) at all times shall be free from the taxation, other than inheritance and estate taxation, within the Commonwealth of Pennsylvania.

Credits

1967, Dec. 6, P.L. 678, § 15. Amended 1984, Oct. 12, P.L. 948, No. 185, § 7, imd. effective.
24 P.S. § 5515, PA ST 24 P.S. § 5515
Current through 2022 Regular Session Act 29. Some statute sections may be more current, see credits for details.
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