Exemptions from income tax, property tax and stamp duty

(1) The Authority shall be exempt from income tax and (2) All instruments executed by or on behalf of the Authority shall be exempt from stamp duty. 26 SCHEDULE1 BELIZE AIRPORTS AUTHORITY ACT List of Prescribed Airports [Sections 2 and 4] The Philip S.W. Goldson International Airport as described in the Philip S.W. Goldson International Airport Regulations. “Belize City Municipal Airport” Description and boundaries of Belize City Airport. The Belize City Municipal Airport means all that lot, piece or parcel of land known as the Belize City Airstrip or Airport comprising 15.4 acres or thereabouts and the buildings thereon situate in Belize City and bounded as follows, North - by the sea; East - by national land and a Road Reserve; South - by the National Stadium; West - by Landivar, now or formerly the property of St. John’s College Incorporated. The San Pedro Airport, Description and boundaries of San Pedro Airport. The San Pedro Airport means all that lot, piece or parcel of land known as the San Pedro Airstrip or Airport, comprising 27.29 acres or thereabouts and the buildings thereon, situate in San Pedro and bounded as follows, 1This Schedule was provided in Revised Subsidiary Legislation, 1962, volume IV p. 2282. It was subsequently amended by S. I. 22 of 1979, S. I. 82 of 1988, S.I. 126 of 1995 and S.I. 145 of 1996. Belize Airports Authority 27 North - by Inner Lagoon, lands of Dr. William Elmer, parcel 701, and other lands; East - by now or formerly the R.C. School compound and other lots; South - by lots being subdivided in the Cocal Esmeralda Area; West - by national lands.