GroundRules
AS 18.55.250: Property of corporation exempt from taxes and assessments.
Where this section sits in the code
- Title 18. Health, Safety, Housing, Human Rights, and Public Defender.
- Chapter 55. Housing, Public Buildings, Urban Renewal, and Regional Housing Authorities.
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.
Collected 2026-09-02T06:17:20Z. Source file · JSON