Section 24-1-78.1 Exemption of County Housing Authorities from Taxes in Certain Circumstances.

(a) All of the following shall be exempt from all state taxes, including, but not limited to, deed taxes or mortgage taxes: (1) A county housing authority and the authority’s property and income. (2) Bonds issued by the authority. (3) Income from bonds issued by the authority. (4) Conveyances to or from the authority. (5) Leases, mortgages, or deeds of trust to or from the authority. (b) An authority may be exempted from the taxes levied by a county, municipality, or other political subdivision of the state, including, but not limited to, deed taxes, mortgage taxes, license taxes, or excise taxes. The exemption provided by this subsection shall only apply if approved by a resolution or ordinance adopted by the local governing body of the county, municipality, or other political subdivision of the state. (c) The exemptions from state taxes created by subsection (b) shall apply to any wholly owned subsidiary of an authority. (d) A county housing authority may be exempt from all fees, taxes, or other costs imposed by a judge of probate, if approved by a resolution adopted by the local governing body of the county.