The bill amends K.S.A. 79-201r to expand the property tax exemption for the Strother Field Airport Commission and its associated political subdivisions. The amendment removes the previous stipulation that the exemption only applied to property owned by the commission prior to January 1, 1992. Instead, it now allows for the exemption of all property depicted on the airport's federally approved layout plan, regardless of when it was acquired, as long as it is used for aviation-related purposes, promoting aviation commerce, or generating revenue for airport operations.

Additionally, the bill declares that all property taxes, including penalties and interest, imposed on the specified properties for taxable years prior to January 1, 1992, are canceled, although any amounts paid in those years will not be refunded. The existing section of K.S.A. 79-201r is repealed, and the act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 79-201r
Enrolled: 79-201r