SB117

Expands property tax exemption for Strother field airport property in Kansas.

The bill amends Kansas law to expand the property tax exemption for Strother field airport property. It exempts the Strother field airport commission and its political subdivisions from ad valorem taxes on property owned prior to January 1, 1992, and used for aviation purposes or to generate revenue for airport operations. The exemption applies to all taxable years starting after December 31, 1992. The bill also cancels all property taxes, penalties, and interest accrued before January 1, 1992, without refunding any amounts already paid.