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§ 390.18. Exemption from taxation

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 73 P.S. Trade and Commerce (Refs & Annos)
Chapter 12A. Minority Business Development Authority Act (Refs & Annos)
73 P.S. § 390.18
§ 390.18. 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, 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 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 taxation, other than inheritance and estate taxation, within the Commonwealth of Pennsylvania.


1974, July 22, P.L. 598, No. 206, § 18, imd. effective.
73 P.S. § 390.18, PA ST 73 P.S. § 390.18
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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