South Dakota Codified Laws 50-6A-53. Tax exemption of airport property and income
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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.
Terms Used In South Dakota Codified Laws 50-6A-53
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1976, ch 303, § 31.