O.C.G.A.
O.C.G.A.

O.C.G.A. § 20-3-170 (2019)

Tax exemption of authority’s property, activities, charges, and bonds

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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The creation of the authority and the carrying out of its corporate purpose is in all respects for the benefit of the people of this state and is a public purpose, and the authority will be performing an essential governmental function in the exercise of the power conferred upon it by this article; and this state covenants with the holders of the bonds that the authority shall be required to pay no taxes or assessments upon any of the property acquired or leased by it or under its jurisdiction, control, possession, or supervision or upon its activities in the operation or maintenance of the buildings erected or acquired by it or any fees, rentals, or other charges for the use of such buildings or other income received by the authority, and that the bonds of the authority, their transfer, and the income therefrom shall at all times be exempt from taxation within the state.

History

(Ga. L. 1949, p. 1009, § 21.)

Annotations

RESEARCH REFERENCES Am. Jur. 2d. - 71 Am. Jur. 2d, State and Local Taxation, § 280. C.J.S. - 84 C.J.S., Taxation, § 208.

Notes of Decisions
Cited in 1 case, 1985–1985 · leading case: Hutto v. Plagens, 330 S.E.2d 341 (Ga. 1985).
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Hutto v. Plagens, 330 S.E.2d 341 (Ga. 1985). “The Code of Laws of South Carolina § 20-3-170 permits modification whenever “the circumstances of the parties or the financial ability of the spouse making the periodic payments shall have changed.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.