(a) Any property in this state acquired by a municipality for airport purposes pursuant to the provisions of this chapter and any income derived by the municipality from the ownership, operation, or control thereof, shall be exempt from taxation to the same extent as other property used for public purposes.
(b) Any municipality is authorized to exempt from municipal taxation any property acquired within its boundaries by a public agency of another state for airport purposes and any income derived from the property, to the extent that the other state authorizes similar exemptions from taxation to municipalities of this state.
Section: Previous 14-361-111 14-361-112 14-361-113 14-361-114 14-361-115 14-361-116 14-361-117 14-361-118 14-361-119 14-361-120 14-361-121 14-361-122 14-361-123 14-361-124Last modified: November 15, 2016