KRS 103.285: Property acquired under KRS 103.200 to 103.280 exempt from taxation.

All properties, both real and personal, which a city or county may acquire to be rented or

leased to an industrial concern according to KRS 103.200 to 103.280, shall be exempt

from taxation to the same extent as other public property used for public purpos es, as

long as the property is owned by the city or county.