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§ 5107. Tax exemption of corporation

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

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 24 P.S. Education
Chapter 20. Higher Education Assistance (Refs & Annos)
Pennsylvania Higher Education Assistance Agency Act (Refs & Annos)
24 P.S. § 5107
§ 5107. Tax exemption of corporation
The property, income, and activities of the Pennsylvania Higher Education Assistance Agency shall be exempt from all taxes and assessments and the loans guaranteed under this act, their transfer and the income therefrom (including any profit made on the sale thereof) and for the purpose of determining the actual value of shares under Article VII and Article VIII, act of March 4, 1971 (P.L. 6, No. 2), known as the “Tax Reform Code of 1971,”1 the value thereof, shall be at all times free from taxation, other than inheritance or gift taxes, imposed by the Commonwealth or any of its political subdivisions.

Credits

1963, Aug. 7, P.L. 549, § 7. Amended 1974, Dec. 30, P.L. 1111, No. 357, § 3, imd. effective.

Footnotes

72 P.S. §§ 7701 et seq., 7801 et seq.
24 P.S. § 5107, PA ST 24 P.S. § 5107
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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