Property exempt from taxation; Strother Field airport

For all taxable years commencing after December 31, 1991, the Strother field airport commission and the political subdivisions comprising the Strother field airport commission shall be exempt from the payment of ad valorem taxes levied by the state and any other political or taxing subdivision of the state on property owned by the Strother field airport commission or the political subdivisions comprising the Strother field airport commission and depicted on the airport's federally approved airport layout plan whether used for aviation-related purposes, to promote aviation commerce or to provide revenue to operate all Strother field components and activities. Such property shall be, and is hereby, exempt from all property or ad valorem taxes levied under the laws of the state of Kansas. All property taxes, including any penalties and interest accrued thereon, imposed upon any property herein described for all taxable years commencing prior to January 1, 1992, are hereby declared to be cancelled but any such amounts paid in any such year shall not be refunded.