KRS 175.560: Turnpike properties and bonds are tax-exempt.

The exercise of the powers granted by this chapter will be in all respects for the benefit of

the people of the Commonwealth, for the increase of their commerce and prosperity, and

for the improvement of their health and living conditions, and as the opera tion and

maintenance of a turnpike project or projects by the authority will constitute the

performance of essential governmental functions, the authority shall not be required to

pay any taxes or assessments upon any turnpike project or any property acqui red or used

by the authority under the provisions of this chapter or upon the income therefrom, and

the bonds issued under the provisions of this chapter, their transfer and the income

therefrom (including any profit made on the sale thereof) shall at all times be free from

taxation within the Commonwealth.