The Association is exempt from payment of all fees and all taxes levied by this State or any of its subdivisions, except taxes:

1. 1. Levied on real or personal property; or
2. 2. Imposed pursuant to the provisions of chapter 363A, 363B or 363C of NRS.

(Added to NRS by 1971, 1949; A 2003, 20th Special Session, 228; 2015, 2951)