FL S1706

Revises conditions for aircraft-related operations at airports to qualify for ad valorem tax exemptions by expanding the definition to include "common carriers" providing goods and services to the general aviation public and promoting air commerce.

Adds circumstances under which property used exclusively for educational purposes is deemed owned by an educational institution, including when the institution is a lessee holding a leasehold interest of 98 years or more for a nominal annual amount.

Eliminates the requirement for property appraisers to review leasehold exemption applications and present findings to the value adjustment board, streamlining the exemption process.

Specifies that once a leasehold exemption is granted by the property appraiser or value adjustment board, it remains valid for the duration of the lease including contemplated extensions, without requiring reapplication if the lessee's operations do not change.

Takes effect July 1, 2023.