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Controversial State Tax Bill Could Hurt Port and Airport

MIAMI-The proposal would authorize a statewide vote on a constitutional amendment to exempt from property taxes those Florida airports and seaports owned by municipal governments or special-taxing districts.

By David R. Corder | Updated on March 28, 2001

MIAMI-Florida trade ports such as Port of Miami and Miami International Airport could lose something of a competitive edge in recruiting commercial tenants if a proposed legislative bill continues to gain momentum. The bill, which emerged relatively unscathed Wednesday from the Senate Transportation Committee in a 7-2 vote, would authorize a statewide vote at general election on a constitutional amendment to exempt all transportation-related properties at Florida airports and seaports from county tax assessments on property. That is an expense many commercial port tenants now must absorb as a pass-along cost in their leases.

If ultimately approved at a proposed general election in 2003, such a proposal would have an immediate impact on facilities such as Fort Lauderdale Executive Airport, a state commercial airport that now must pay property taxes as a municipal-owned port.

On the other hand, the law now exempts from property taxation the nearby Fort Lauderdale/Hollywood International Airport along with other sites such as the airport and seaport in Miami.

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