# 64 Pa.C.S. § 1522: Commonwealth taxation

> Pennsylvania · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1522

## Section

- **Citation:** 64 Pa.C.S. § 1522
- **Heading:** Commonwealth taxation
- **Jurisdiction:** Pennsylvania
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** PA Code / Title 64 / Chapter 15 / Section 1522

## Text

(a) General.--The effectuation of the purposes of the authority is for the benefit of the people of this Commonwealth, for the increase of commerce and prosperity and for the improvement of health, safety, welfare and living conditions.

(b) Authority.--Since the authority, as a public instrumentality of the Commonwealth, will be performing essential governmental functions in effectuating these purposes, the authority is not required to pay any taxes or assessments upon any property acquired or used or permitted to be used by the authority for its purposes.

(c) Bonds.--Bonds issued by the authority, the transfer and the income from the bonds, including profit made on their sale, are free from State and local taxation within this Commonwealth. The exclusion under this subsection shall not extend to gift,

estate, succession or inheritance taxes or any other taxes not levied directly on the bonds, their transfer, the income from the bonds or the realization of profits on their sale.

## Nearby sections

- [64 Pa.C.S. § 1501 Scope.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1501.md)
- [64 Pa.C.S. § 1502 Construction.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1502.md)
- [64 Pa.C.S. § 1503 Findings and declaration of policy.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1503.md)
- [64 Pa.C.S. § 1504 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1504.md)
- [64 Pa.C.S. § 1511 Authority.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1511.md)
- [64 Pa.C.S. § 1512 Board.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1512.md)
- [64 Pa.C.S. § 1513 Powers.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1513.md)
- [64 Pa.C.S. § 1514 Limitation.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1514.md)
- [64 Pa.C.S. § 1521 Bonds issuance.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1521.md)
- [64 Pa.C.S. § 1522 Commonwealth taxation.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1522.md)
- [64 Pa.C.S. § 1523 Federal taxation.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1523.md)
- [64 Pa.C.S. § 1524 Validity of bonds; limitation on actions.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1524.md)
- [64 Pa.C.S. § 1525 Provisions of bonds; trust agreements.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1525.md)
- [64 Pa.C.S. § 1526 Validity of pledge.](https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1526.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_PA_T64_C15_S1522. Check the current official text before relying on it. Not legal advice.