{"data":{"id":"us-ky/krs-198a.200","jurisdiction":"us-ky","citation":"KRS 198A.200","heading":"Tax exempt status.","body":"The Kentucky Housing Corporation has been duly created as a de jure municipal\ncorporation and political subdivision of the Commonwealth of Kentucky.  Accordingly,\nthe Kentucky Housing Corporation shall not be required to pay any taxes and assessments\nto th e Commonwealth of Kentucky, or any county, municipality or other governmental\nsubdivision of the Commonwealth of Kentucky, upon any of its property or upon its\nobligations or other evidences of indebtedness pursuant to the provisions of this chapter,\nor upon any moneys, funds, revenues or other income held or received by the corporation\nand the notes and bonds of the corporation and the income therefrom shall at all times be\nexempt from taxation, except for death and gift taxes and taxes of transfers; provi ded,\nhowever, that real property owned by the Kentucky Housing Corporation shall be exempt\nfrom all property taxation and special assessments of the state or political subdivisions\nthereof, but the corporation may agree to pay, in lieu of such taxes, such amounts as the\ncorporation finds consistent with the cost to the state or political subdivision of supplying\nmunicipal services to the housing development and maintaining the economic feasibility\nof the housing development, which payments such bodies are hereby authorized to accept.","path":["KRS Chapter 198A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=6948","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:51Z","sha256":"a4248da90be7cf7faf5b2367cce82954f128aa48ab76d0148ddb3823e5e2aece","source_id":"us-ky","stale":false,"prev":"us-ky/krs-198a.190","next":"us-ky/krs-198a.210"},"notice":"GroundRules: Original legal text. Not legal advice."}