§ 157. Properties exempt from taxation.  


Latest version.
  • The properties of the authority, both real and personal, are declared to be public properties used for the benefit and welfare of the people of the State of Georgia, and not for purposes of private or corporate benefit and income, and such properties and the authority shall be exempt from all taxes and special assessments of any city, county, or the state or any political subdivision thereof; provided, however, that this section shall not prohibit, inhibit or be inconsistent with the leasing or use of authority properties by private persons, corporate or individual, when in the sole judgment of the authority the general public purposes of the authority will be furthered or supported by such a lease or use of its property. The tax exemption herein provided shall not include any exemption from sales and use tax on property purchased by the authority or for use by the authority.

(Acts 1969, p. 2567, § 26)