The authority shall be exempt from the payment of any taxes or fees to the state or any subdivision thereof or to any officer or employee of the state or other subdivision thereof. The property of the authority shall be exempt from all local and municipal taxes. Bonds, notes, debentures and other evidence of indebtedness of the authority are declared to be issued for a public purpose and to be public instrumentalities, and shall be exempt from taxes.
Structure West Virginia Code
Chapter 7. County Commissions and Officers
Article 12. County and Municipal Development Authorities
§7-12-1. Establishment Authorized; Name; Exceptions
§7-12-4. Qualifications of Members
§7-12-6. Authority to Be a Public Corporation
§7-12-8. Incurring Indebtedness; Rights of Creditors
§7-12-9. Agreements in Connection With Obtaining Funds
§7-12-9a. Joint Undertakings by County Development Authorities
§7-12-9b. Joint Development Entities
§7-12-10. Property, Bonds and Obligations of Authority Exempt From Taxation
§7-12-11. Participation and Appropriations Authorized; Transfers and Conveyances of Property
§7-12-13. Sale or Lease of Property; Reversion of Assets Upon Dissolution
§7-12-14. Employees to Be Covered by Workers' Compensation