Section 61-3-77 - Exemption from taxation of airport property and income

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 belonging to political subdivisions of this state.Codes, 1942, § 7545-46; Laws, 1958, ch. 230, § 15.