(a) This section applies to:
(1) a transportation facility; and
(2) tangible personal property used exclusively with a transportation facility that are:
(A) owned by the Department and leased, licensed, financed, or otherwise conveyed to an operator; or
(B) acquired, constructed, or otherwise provided by an operator on behalf of the Department.
(b) Property listed under subsection (a) of this section are exempt from all ad valorem property taxes and special assessments levied against property by the State or any political subdivision of the State.