Title 20, Chapter 13, Section 12
( 20-13-12)
It is found, determined, and declared that the creation of the
commission and the carrying out of its corporate purposes are in all
respects for the benefit of the people of this state and constitute
a public purpose and that the commission will be performing an
essential governmental function in the exercise of the powers
conferred upon it by this chapter. This state warrants and
covenants that the commission shall be required to pay no taxes or
assessments upon any property owned, acquired, or leased by it or
under its jurisdiction, control, possession, or supervision or upon
its activities in the operation or maintenance of the buildings,
towers, and facilities erected or acquired by it or upon any fees,
rentals, or other charges for the use of such buildings, towers, or
facilities or upon other income received by the commission. This
exemption shall include an exemption from state and local sales and
use tax on property purchased by the commission for use exclusively
by the commission. |