Indiana § 8-22-2-12 Airport and landing field operations considered public necessity and
benefit; tax exemption of leasehold interests

Indiana Statutes

§ 8-22-2-12 — Airport and landing field operations considered public necessity and benefit; tax exemption of leasehold interests

Indiana § 8-22-2-12

Art. 22AIRPORTS

Ch. 2Local Boards of Aviation Commissioners

This text of Indiana § 8-22-2-12 (Airport and landing field operations considered public necessity and benefit; tax exemption of leasehold interests) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 8-22-2-12 (2026).

Text

(a)The acquisition, establishment, construction, improvement, equipment, maintenance, control, and operation of municipal airports and landing fields for aircraft under this chapter is considered to be a governmental function of general public necessity and benefit and is for the use and general welfare of all the people of Indiana, including the people residing in the eligible entity.

(b)Notwithstanding any other statute, the leasehold estate of any lessee created pursuant to a lease by the board of its aviation related property or facilities, together with any permanent structure erected on the property by the lessee is exempt from property taxation. [Pre-Local Government Recodification Citation: 19-6-1-13.] As added by Acts 1980, P.L.8, SEC.73. Amended by P.L.60-1988, SEC.20.

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(a) The acquisition, establishment,
construction, improvement, equipment, maintenance, control, and
operation of municipal airports and landing fields for aircraft under this
chapter is considered to be a governmental function of general public
necessity and benefit and is for the use and general welfare of all the
people of Indiana, including the people residing in the eligible entity.
(b) Notwithstanding any other statute, the leasehold estate of any
lessee created pursuant to a lease by the board of its aviation related
property or facilities, together with any permanent structure erected on
the property by the lessee is exempt from property taxation.
[Pre-Local Government Recodification Citation:
19-6-1-13.]
As added by Acts 1980, P.L.8, SEC.73. Amended by
P.L.60-1988, SEC.20.