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Committee moves to clarify Schroder Field Airport property-tax exemption to avoid taxing local residents
Summary
The House Committee on Taxation held a hearing on Senate Bill 117, a targeted amendment to clarify that property shown on Schroder Field Airport's federally approved layout plan and owned by the airport or its political subdivisions is exempt from ad valorem property tax.
The House Committee on Taxation held a hearing on Senate Bill 117, a narrowly targeted statutory clarification that expands property-tax exemption language for Schroder Field Airport.
Under current law the airport already has an exemption, but the bill would explicitly extend the exemption to property owned by the airport or its political subdivisions that is depicted on the federally approved airport layout plan, whether used for aviation purposes, to promote aviation commerce or to provide revenue to operate the airport. The reviser told the committee the bill "would clarify this exemption" and address drafting inconsistencies dating to earlier statute language.
Proponents described Schroder Field…
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