KRS 183.138: Title to property acquired by board -- Tax exemptions.

The title to all property acquired by the board may vest in the board or in any other

governmental unit owning, operating or controlling an airport, or which has established

an air board under this chapter, or in the cabinet. All property acquired for the

establishment and maintenance of an airport shall be exempt from taxation and

assessment to the same extent as other property used for public purposes. All fees charged

by the board or collected by the board for the admission to or use of the airport or it s

facilities shall also be exempt from taxation.