KRS 164.758: Property of authority tax exempt, contributions to be deductible from

income or franchise taxes.

(1) All property and income of the Kentucky Higher Education Assistance Authority

shall be exempt from all taxes and assessment of any nature whatsoever.

(2) Notwithstanding the provisions of any general or special law or the provisions of

any certificate of incorporation, charter, or other articles of organization, all

domestic corporations or associations organized for the purpose of carrying on

business in this state and any person or group is hereby authorized to make

contributions to the Kentucky Higher Education Assistance Authority, and such

contributions shall be allowed as deductions in computing the net taxable income of

any such person, corpo ration, or association for the purposes of any income,

franchise, or other tax of any nature whatsoever imposed by the state or any

political subdivision thereof.