Tennessee § 42-4-102 - Declaration of purpose and necessity — Exemption from taxation.
Full text of Tennessee Tennessee Code Annotated § 42-4-102 — Declaration of purpose and necessity — Exemption from taxation., with citation guidance and answers to common questions.
§ 42-4-102. Declaration of purpose and necessity — Exemption from taxation.
It is declared that airport authorities created pursuant to this chapter shall be public and governmental bodies acting as agencies and instrumentalities of the creating and participating municipalities, and that the acquiring, operating and financing of airports and related facilities by such airport authorities are declared to be for a public and governmental purpose and matters of public necessity. The property and revenues of the authority or any interest therein shall be exempt from all state, county and municipal taxation. Acts 1969, ch. 174, § 2; T.C.A., § 42-702. Attorney General Opinions. Tax-exempt fuel provided by metropolitan airport authority to independent contractor operating local transit service, OAG 03-094 (7/28/03).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 42-4-102
What does Tennessee Code Annotated § 42-4-102 cover?
Section 42-4-102 ("Declaration of purpose and necessity — Exemption from taxation.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 42-4-102?
A common citation format is "Tennessee Code Annotated § 42-4-102" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 42-4-102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.