Sec. 27. (a) Property owned by the authority and leased to a person for an economic development project is not public property.

     (b) Any economic development project financed by a loan under the authority of this chapter is not public property and is not exempt from any taxes of this state, or any county, city, or other political subdivision of this state, except for pollution control equipment.

     (c) The property and the economic development project are subject to all taxes of this state or any county, city, or other political subdivision of this state in the same manner and subject to the same exemptions that apply to all persons.

As added by P.L.189-2018, SEC.25.