Bill > HF3678

This bill modifies the property tax exemption for certain airport property in Minnesota. The key provisions are: 1. It maintains the existing property tax exemption for airport property leased or used for aviation-related businesses, such as aircraft storage, repair, or manufacturing, or for providing aviation goods, services, or facilities. 2. It removes the exemption for airport property located at airports owned or operated by the Metropolitan Airports Commission or cities with over 150,000 population, or for hangars leased for non-aviation-related businesses. For cities between 50,001 and 150,000 population, the net tax capacity of the affected property is reduced by 50%. 3. It also removes the exemption for passenger check-in, ticket, boarding, and luggage claim areas at airports owned or operated by the Metropolitan Airports Commission or cities over 150,000 population. Again, for cities between 50,001 and 150,000 population, the net tax capacity is reduced by 50%. 4. The taxes imposed under this provision are payable as personal property taxes, not becoming a lien on the real property itself.