The bill amends K.S.A. 79-201r to exempt the Strother Field Airport Commission and its political subdivisions from ad valorem taxes on property owned by them, specifically property depicted on the airport's federally approved layout plan. The exemption applies to all taxable years commencing after December 31, 1991, and includes property 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 such properties for taxable years prior to January 1, 1992, although it specifies that any amounts paid in those years will not be refunded.

Furthermore, the bill repeals the existing K.S.A. 79-201r, effectively consolidating the tax exemption provisions into the amended statute. The act will take effect upon its publication in the statute book, ensuring that the Strother Field Airport Commission continues to operate without the burden of state and local property taxes on the specified properties.

Statutes affected:
As introduced: 79-201r