Modifies property tax exemption for certain airport property
Modifies property tax exemption for certain airport property by reducing the net tax capacity of specified airport property by 50 percent for property taxes payable in 2026 through 2037. This applies to property used as a hangar for the storage, repair, or manufacture of aircraft or to provide aviation goods, services, or facilities to the airport or general public, or used as a passenger check-in area.
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