AERONAUTICS - Municipality; acquired property and income; exempt from taxation. (United States)

AERONAUTICS - Municipality; acquired property and income; exempt from taxation.

Published: 1945

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Any property acquired by a municipality pursuant to the provisions of sections 3-201 to 3-238 and 18-1502 shall be exempt from taxation to the same extent as other property used for public purposes. All income received in connection with the operation by a municipality of any airport or other air navigation facility shall also be exempt from taxation.

Source

Laws 1945, c. 34, § 5, p. 159.