{"data":{"id":"us-ky/krs-65.948","jurisdiction":"us-ky","citation":"KRS 65.948","heading":"Leased property exempt from state and local taxation.","body":"A governmental agency shall be considered the equitable owner of any personal or real\nproperty leased under KRS 65.940 to 65.956 where the property is used solely for public\npurposes, unless the governmental agency is vested with legal ownership pursuant t o\nKRS 65.952. Personal or real property which is equitably or legally owned by a\ngovernmental agency shall be exempt from all taxation by the Commonwealth and any of\nits political subdivisions. Leases and interests therein and payments received by lessors or\ntheir assigns which are identified as interest shall be exempt from taxation by the\nCommonwealth and any of its political subdivisions to the same extent as bonds or notes\nissued by the Commonwealth and any governmental agency.","path":["KRS Chapter 65"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=23558","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:23Z","sha256":"966ad8c0cb8576001338223346b17ae3e0f5daa4f5e961746626a0f733e23d30","source_id":"us-ky","stale":false,"prev":"us-ky/krs-65.946","next":"us-ky/krs-65.950"},"notice":"GroundRules: Original legal text. Not legal advice."}