Idaho Code 70-2003 – Port-Owned Property Not Subject to Taxation
Current as of: 2023 | Check for updates
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Terms Used In Idaho Code 70-2003
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes both real and personal property. See Idaho Code 73-114
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
All property acquired by port districts for any purpose shall forthwith, upon such acquisition, be removed by the county assessor from the tax rolls of the county, and shall not be subject to taxation by any municipal corporation, political subdivision or instrumentality of this state.