Bill > SF1289

This bill modifies the property tax exemption for certain airport property. It amends the law to clarify that the property tax exemption does not apply to property located at airports owned or operated by the Metropolitan Airports Commission or cities with over 50,000 population, except that the net tax capacity of such property is reduced by 50% if it is owned or operated by a city with over 50,000 but under 150,000 population. The bill also clarifies that the exemption does not apply to hangars leased for non-aviation-related business purposes, or to certain passenger check-in and boarding areas at larger airports. The changes are effective for property taxes payable in 2024 and beyond.