Indiana § 8-22-2-12 - Airport and landing field operations considered public necessity and benefit; tax exemption of leasehold interests
Full text of Indiana Indiana Code § 8-22-2-12 — Airport and landing field operations considered public necessity and benefit; tax exemption of leasehold interests, with citation guidance and answers to common questions.
§ 8-22-2-12. Airport and landing field operations considered public necessity and benefit; tax exemption of leasehold interests
Sec. 12. (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.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-22-2-12
What does Indiana Code § 8-22-2-12 cover?
Section 8-22-2-12 ("Airport and landing field operations considered public necessity and benefit; tax exemption of leasehold interests") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 8-22-2-12?
A common citation format is "Indiana Code § 8-22-2-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 8-22-2-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.