Okla. Stat. tit. 3, § 3-65.17v2: Property and income exempt from taxation

Any property in this state acquired by municipality for airport,

vertiport, or air navigation purposes pursuant to the provisions of

the Municipal Airports Act, and any income derived by such

municipality from the ownership, operation or control thereof, shall

be exempt from taxation to the same extent as other property used

for public purposes. Any municipality is authorized to exempt from

municipal taxation any property, acquired within its boundaries by a

public agency of another state for airport, vertiport, or air

navigation purposes, and any income derived from such property, to

the extent that such other state authorizes similar exemptions from

taxation to municipalities of this state.