Section 61-5-43 - Exemption from taxation of airport property and income

Any property in this state acquired by a municipality for airport purposes pursuant to the provisions of the Municipal Airport Law, and any income derived by such municipality 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, § 7545-17; Laws, 1958, ch. 513, § 17.