The accomplishment by the commission of the authorized purposes stated in this chapter being for the benefit of the people of this Commonwealth and for the improvement of their commerce and prosperity, in which accomplishment the commission will be performing essential governmental functions, the commission shall not be required to pay any taxes or assessments on any property acquired or used by it for the purposes provided in this chapter, and the bonds, notes or other obligations issued by the commission, their transfer and the income therefrom, including any profits made on the sale thereof, shall at all times be free from taxation within this Commonwealth.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Section 8101 - Scope of chapter
Section 8104 - Status of turnpike revenue bonds, notes or other obligations
Section 8106 - Exercise of commission powers
Section 8107 - Commission powers and duties
Section 8108 - Expenses and bonding of commission members
Section 8109 - Acquisition of property rights by commission
Section 8110 - Procedural requirements of acquisition
Section 8111 - Entry and possession of property condemned
Section 8112 - Issuance of turnpike revenue bonds or other obligations
Section 8113 - Obligation proceeds restricted and lien created
Section 8114 - Trust indenture authorized
Section 8115 - Commission and obligations tax exempt
Section 8116 - Collection and disposition of tolls and other revenue
Section 8117 - Electronic toll collection
Section 8118 - Refunding bonds
Section 8119 - Rights of obligation holders and trustees
Section 8120 - Authority granted to secretary