Bill > H2538

This bill proposes to amend Section 5 of Chapter 59 of the General Laws, which deals with property tax exemptions, by adding a new clause that would exempt from taxation certain real estate owned by a privately owned/public use airport. Specifically, the exemption would apply to the portion of the airport property used for aviation purposes, such as taking off, landing, and taxiing, but would not extend to any portion of the property from which non-aviation income is generated. This aims to clarify and potentially reduce the property tax burden on airports that are privately owned but serve the public for air travel, focusing the exemption on the core aviation infrastructure.