50-6A-53. Tax exemption of airport property and income.
49 words·~1 min read·
/sd/title-50/chapter-50-6/50-6a-53·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any property in this state acquired by an authority for airport purposes pursuant to the provisions of this chapter, and any income derived by the authority from the ownership, operation, or control thereof, shall be exempt from taxation to the same extent as other property used for public purpose.