- Alaska Statutes.
- Title 30. Navigation, Harbors, and Shipping
- Chapter 17. Adak Reuse Authority
- Section 260. Exemption From Taxation.
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AS 30.17.260. Exemption From Taxation.
- (a) The real and personal property of the authority and its assets, income, and receipts are declared to be the property
of a political subdivision of the state and are exempt from taxes and special assessments of the state or a political
subdivision of the state. Bonds of the authority are declared to be issued by a political subdivision of the state and
for an essential public and governmental purpose and to be a public instrumentality, and the bonds, the interest on
them, the income from them, and the transfer of the bonds, and all assets, income, and receipts pledged to pay or
secure the payment of the bonds or interest on them shall at all times be exempt from taxation by or under the
authority of the state, except for inheritance and estate taxes and taxes on transfers by or in contemplation of death.
- (b) This section does not affect or limit an exemption from license fees, property taxes, or excise, income, or other
taxes, provided under any other law, nor does it create a tax exemption with respect to the interest of any business
enterprise or other person, other than the authority, in any property, assets, income, receipts, project, or lease
whether or not financed under this chapter.
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