238.408. Property held by transit authority--status for purposes of taxation.
Property held by transit authority--status for purposes oftaxation.
238.408. All property, real and personal, owned or held byany transit authority established pursuant to section 238.400,and all interest income derived from any notes, bonds or otherinstruments in writing issued by such transit authority, shallpossess the same status, with respect to taxation in the state ofMissouri, as is now or may hereafter be possessed by property,real and personal, owned or held by cities within the state ofMissouri, and by the interest income derived from notes, bonds orother instruments in writing issued by such cities.
(L. 1991 S.B. 235 § 5)