From the Indianapolis Business Journal:
Indianapolis International Airport generates more than $56.5 million in annual tax revenue that flows into state and local government coffers, according to a recent study by accounting and advisory firm BKD.
...The airport is a municipal entity exempt from paying property taxes. What generates the tax revenue is airport-dependent businesses such as car rental companies and logistics firms that generate taxes.
“The study did not include the additional tax revenue generated by the Indianapolis Airport Authority’s significant capital and operating expenditures nor the multiplier effect created by the investments of the IAA and associated businesses,” the authority said.
See the full article here:
http://www.ibj.com/article?articleId=36521
This is a paid article.
