§ 11-518. Tax status

Latest version.

(a) Exemption. -- Except as provided in subsection (b) of this section, the Corporation is exempt from any requirement to pay any taxes or assessments on its properties, activities, or any revenue from its properties or activities.

(b) Private entities. -- Property that the Corporation sells or leases to a private entity is subject to State and local property taxes from the time of the sale or lease.

HISTORY: An. Code 1957, art. 83A, § 5-1208; 2008, ch. 306, § 2.

                    
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