{"data":{"id":"us-ky/krs-247.968","jurisdiction":"us-ky","citation":"KRS 247.968","heading":"Corporation exempt from taxation -- Payment in lieu of taxes.","body":"The corporation shall not be required to pay any taxes and assessments to the\nCommonwealth or any county, municipality or other governmental subdivision of the\nCommonwealth upon any of its property or upon its obligations or other evidences of\nindebtedness pursuant to the provisions of KRS 247.940 to 247.978, or upon any moneys,\nfunds, revenues or other income held or received by the corporation and the bonds or\nnotes of the corporation and the income therefrom shall at all times be exempt from\ntaxation, ex cept for death and gift taxes and taxes of transfers; provided, however, that\nreal or personal property owned by the corporation shall be exempt from all property\ntaxation and special assessments of the Commonwealth or its political subdivisions, but\nthe corporation shall pay, in lieu of such taxes, such amounts as would have been levied\nhad not said real or personal property been owned by the corporation.","path":["KRS Chapter 247"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=11876","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:00Z","sha256":"157af35771408a3b91166167ae2d051aa0c9bc982e60ff34ee70060ed0e8ebfc","source_id":"us-ky","stale":false,"prev":"us-ky/krs-247.966","next":"us-ky/krs-247.970"},"notice":"GroundRules: Original legal text. Not legal advice."}