Kansas Statutes 76-6a10. Bonds exempt from taxation
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Terms Used In Kansas Statutes 76-6a10
- Student dormitory: means a building erected for, and used solely as, a place for housing and boarding students and other purposes incidental thereto. See Kansas Statutes 76-6a01
- Student union building: means a building and related parking area constructed for, and used solely as, a recreational center for students, boarding students and other purposes incidental thereto. See Kansas Statutes 76-6a01
All bonds issued by any nonprofit organization for the purpose of providing funds to construct and equip a student union building or any addition thereto or student dormitory shall be exempt from taxation, and the interest on said bonds shall not be subject to tax under the provisions of the Kansas income tax act.