Bill > S1706

This bill revises conditions under which certain aircraft-related operations are deemed to serve a governmental, municipal, or public purpose or function, adds circumstances under which property used exclusively for educational purposes is deemed owned by an educational institution, and deletes a requirement for the property appraiser relating to applications for an exemption for leasehold interests in government property. It also clarifies that leasehold interests in governmental property are exempt from ad valorem taxation and that the lessee is not required to submit further applications for exemption if their operations do not change after the initial exemption is granted.