Minnesota SF 1027: Insurance company requirements exemptions authorizations

Bill Text

1.1 A bill for an act​
1.2 relating to taxation; property; modifying property tax exemption for certain airport​
1.3 property; amending Minnesota Statutes 2024, section 272.01, subdivision 2.​
1.4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:​
1.5 Section 1. Minnesota Statutes 2024, section 272.01, subdivision 2, is amended to read:​
1.6 Subd. 2.Exempt property used by private entity for profit.(a) When any real or​
1.7 personal property which is exempt from ad valorem taxes, and taxes in lieu thereof, is leased,​
1.8 loaned, or otherwise made available and used by a private individual, association, or​
1.9 corporation in connection with a business conducted for profit, there shall be imposed a​
1.10 tax, for the privilege of so using or possessing such real or personal property, in the same​
1.11 amount and to the same extent as though the lessee or user was the owner of such property.​
1.12 (b) The tax imposed by this subdivision shall not apply to:​
1.13 (1) property leased or used as a concession in or relative to the use in whole or part of​
1.14 a public park, market, fairgrounds, port authority, economic development authority​
1.15 established under chapter 469, municipal auditorium, municipal parking facility, municipal​
1.16 museum, or municipal stadium;​
1.17 (2) property of an airport owned by a city, town, county, or group thereof which is:​
1.18 (i) leased to or used by any person or entity including a fixed base operator; and​
1.19 (ii) used as a hangar for the storage or, repair, or manufacture of aircraft or to provide​
1.20 aviation goods, services, or facilities to the airport or general public;​
1.21 the exception from taxation provided in this clause does not apply to:​
1​Section 1.​
25-01996 as introduced​01/16/25 REVISOR MS/VJ​
SENATE​
STATE OF MINNESOTA​
S.F. No. 1027​NINETY-FOURTH SESSION​
(SENATE AUTHORS: HAUSCHILD, Lang, Hoffman and Putnam)​
OFFICIAL STATUS​D-PG​DATE​
Introduction and first reading​298​02/06/2025​
Referred to Taxes​

2.1 (i) property located at an airport owned or operated by the Metropolitan Airports​
2.2 Commission or by a city of over 50,000 population according to the most recent federal​
2.3 census or such a city's airport authority; or​
2.4 (ii) hangars leased by a private individual, association, or corporation in connection with​
2.5 a business conducted for profit other than an aviation-related business;​
2.6 (3) property constituting or used as a public pedestrian ramp or concourse in connection​
2.7 with a public airport;​
2.8 (4) except as provided in paragraph (f), property constituting or used as a passenger​
2.9 check-in area or ticket sale counter, boarding area, or luggage claim area in connection with​
2.10 a public airport but not the airports owned or operated by the Metropolitan Airports​
2.11 Commission or cities of over 50,000 population or an airport authority therein. Real estate​
2.12 owned by a municipality in connection with the operation of a public airport and leased or​
2.13 used for agricultural purposes is not exempt;​
2.14 (5) property leased, loaned, or otherwise made available to a private individual,​
2.15 corporation, or association under a cooperative farming agreement made pursuant to section​
2.16 97A.135; or​
2.17 (6) property leased, loaned, or otherwise made available to a private individual,​
2.18 corporation, or association under section 272.68, subdivision 4.​
2.19 (c) Except as provided in paragraph (f), the exception from taxation provided in paragraph​
2.20 (b), clause (2), does not apply to:​
2.21 (1) property located at an airport owned or operated by the Metropolitan Airports​
2.22 Commission or by a city of over 50,000 population according to the most recent federal​
2.23 census or such a city's airport authority; or​
2.24 (2) hangars leased by a private individual, association, or corporation in connection with​
2.25 a business conducted for profit other than an aviation-related business.​
2.26 (c) (d) Taxes imposed by this subdivision are payable as in the case of personal property​
2.27 taxes and shall be assessed to the lessees or users of real or personal property in the same​
2.28 manner as taxes assessed to owners of real or personal property, except that such taxes shall​
2.29 not become a lien against the property. When due, the taxes shall constitute a debt due from​
2.30 the lessee or user to the state, township, city, county, and school district for which the taxes​
2.31 were assessed and shall be collected in the same manner as personal property taxes. If​
2.32 property subject to the tax imposed by this subdivision is leased or used jointly by two or​
2​Section 1.​
25-01996 as introduced​01/16/25 REVISOR MS/VJ​

3.1 more persons, each lessee or user shall be jointly and severally liable for payment of the​
3.2 tax.​
3.3 (d) (e) The tax on real property of the federal government, the state or any of its political​
3.4 subdivisions that is leased, loaned, or otherwise made available to