Tennessee § 7-87-102 - Port authorities public and governmental bodies — Tax exempt status.
Full text of Tennessee Tennessee Code Annotated § 7-87-102 — Port authorities public and governmental bodies — Tax exempt status., with citation guidance and answers to common questions.
§ 7-87-102. Port authorities public and governmental bodies — Tax exempt status.
It is hereby declared that the port authorities created pursuant to this chapter are public and governmental bodies acting as agencies and instrumentalities of the municipality or municipalities with respect to which the authority is organized and that the acquisition, operating and financing of ports and related facilities by such port authorities are hereby declared to be for a public and governmental purpose and a matter of public necessity. The property and revenues of the authority or any interest in the property and revenues shall be exempt from all state, county, and municipal taxation. Acts 1995, ch. 432, § 2.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 7-87-102
What does Tennessee Code Annotated § 7-87-102 cover?
Section 7-87-102 ("Port authorities public and governmental bodies — Tax exempt status.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 7-87-102?
A common citation format is "Tennessee Code Annotated § 7-87-102" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 7-87-102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.