Section 18.55.250. Property of corporation exempt from taxes and assessments.

Latest version.

The property owned by the corporation under the authority granted in AS 18.55.100 - 18.55.290 is public property used for essential public and governmental purposes, and is exempt from all taxes and special assessments of a municipality, the state, or a political subdivision of the state. However, instead of the payment of taxes on this property, the corporation may make payments to the municipality or political subdivision for improvements, services, and facilities furnished by it for the benefit of a housing or public building project.

Authorities

18.55.620

Notes

References

AS 18.55.620 Property exempt from taxes and execution.

History

(Sec. 40-7-17 ACLA 1949; am Sec. 13 ch 99 SLA 1965; am Sec. 22 ch 4 FSSLA 1992)

                    
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