Any property acquired by a political subdivision pursuant to this chapter shall be exempt from taxation to the same extent as other property used for public purposes. All income received in connection with the operation by a political subdivision of any airport or other air navigation facility shall also be exempt from taxation.
Structure Delaware Code
Chapter 9. AIRPORTS OF POLITICAL SUBDIVISIONS
Subchapter II. Financing and Taxation
§ 921. Exemption of airport property and income from taxation.
§ 922. Payment of purchase price and improvement costs; definition of “cost.”
§ 924. Validation of prior bonds.
§ 925. Authority to appropriate and expend moneys and to levy taxes.