Kentucky Revised Statutes Title XL. Crimes and Punishments § 441.675.Authority's property, income, revenues and bonds are tax-exempt

The authority is not required to pay any taxes or assessments of any nature whatsoever, upon any project or projects owned by the authority or leased by the authority; or any property acquired or used by the authority under the provisions of KRS 441.625 to 441.695; or upon the incomes or revenues from the lease or use of such property. Nor will there be any tax or assessment of the Commonwealth on any bonds issued under the provisions of KRS 441.625 to 441.695, their transfer or the income therefrom.