2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 349 - Industrial Development Corporations
Section 349.090 Projects not tax exempt, exceptions — bond and note interest is exempt, exception.

Universal Citation: MO Rev Stat § 349.090 (2018)

Effective 28 Aug 1985

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 349

349.090. Projects not tax exempt, exceptions — bond and note interest is exempt, exception. — Projects acquired, constructed, reconstructed, enlarged, improved, furnished, equipped, maintained, repaired, operated, leased, financed or sold by the corporation pursuant to sections 349.010 to 349.100 shall be subject to all real and tangible personal property taxes and assessments of the state of Missouri, and any county, municipality or any governmental subdivision thereof except hospitals which are exempt from taxation under Article X, Section 6 (1) of the Constitution of the State of Missouri, or other projects which are exempted or relieved from such real property taxes and assessments pursuant to any constitutional or statutory provision. Bonds and notes of the corporation are declared to be issued for an essential public and governmental purpose and to be public instrumentalities, and interest thereon and income therefrom shall be exempt from taxation except for death and gift taxes on transfers.

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(L. 1977 S.B. 267 § 17, A.L. 1984 S.B. 434, A.L. 1985 S.B. 282)

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