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 applies 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 cancels any property taxes, including penalties and interest, imposed on the specified properties for taxable years prior to January 1, 1992, although it does not provide for refunds of any amounts already paid.

Furthermore, the bill includes a provision to repeal the existing section of K.S.A. 79-201r, effectively streamlining the legal framework governing the tax exemption for the Strother Field Airport. The act will take effect upon its publication in the statute book, signifying its immediate implementation following legislative approval.

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