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Terms Used In Tennessee Code 64-1-806

  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105

During the time that title to land or rights in land are held by the authority, they are exempt from all taxes levied by the state or any of its political subdivisions or instrumentalities of either; and all other property and activities of the authority are similarly exempt.