42-3-116 - Airport property and income exempt from taxation. - Tennessee Statutes

42-3-116. Airport property and income exempt from taxation.

Any property in this state acquired by an authority for airport purposes pursuant to this chapter, and any income derived by the authority from the ownership, operation or control of that property, shall be exempt from taxation to the same extent as other property used for public purposes.

[Acts 1957, ch. 376, § 16; T.C.A., § 42-621.]