Any property in this state acquired by an authority for railroad purposes pursuant to the provisions of this chapter, and any income derived by the authority from the ownership, operation or control thereof shall be exempt from taxation to the same extent as other property belonging to political subdivisions of this state.
Structure Mississippi Code
Title 19 - Counties and County Officers
Chapter 29 - Local and Regional Railroad Authorities
§ 19-29-3. Legislative findings and declaration of purpose
§ 19-29-13. Proof of authorization or existence of county or regional railroad authority
§ 19-29-15. Commissioners; expenses; quorum; officers
§ 19-29-17. General powers of railroad authority
§ 19-29-19. Acquisition of property by eminent domain
§ 19-29-21. Disposal of railroad property or facilities
§ 19-29-23. Contracts or leases in connection with operation of railroad properties and facilities
§ 19-29-25. Rules and regulations
§ 19-29-27. Designation of agent for receipt and disbursement of funds
§ 19-29-29. Issuance of bonds by authority; security; limitation of liability thereon; tax exemption
§ 19-29-31. Resolution authorizing issuance of bonds; terms and covenants
§ 19-29-33. Form and details of bonds
§ 19-29-35. Trust agreement securing bonds
§ 19-29-37. Bonds to be legal investments and negotiable instruments
§ 19-29-39. Property and income of authority exempt from taxation
§ 19-29-41. Real property of authority exempt from levy and execution
§ 19-29-43. Aid and cooperation of political subdivisions
§ 19-29-45. Annual report and recommendations of railroad authorities
§ 19-29-47. Provisions inapplicable to certain counties with port commissions