Minnesota 2025-2026 Regular Session

Minnesota Senate Bill SF49 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to taxation; property; allowing an exemption for certain leased land;
3	3	1.3 amending Minnesota Statutes 2024, section 272.01, subdivision 2.
4	4	1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
5	5	1.5 Section 1. Minnesota Statutes 2024, section 272.01, subdivision 2, is amended to read:
6	6	1.6 Subd. 2.Exempt property used by private entity for profit.(a) When any real or
7	7	1.7personal property which is exempt from ad valorem taxes, and taxes in lieu thereof, is leased,
8	8	1.8loaned, or otherwise made available and used by a private individual, association, or
9	9	1.9corporation in connection with a business conducted for profit, there shall be imposed a
10	10	1.10tax, for the privilege of so using or possessing such real or personal property, in the same
11	11	1.11amount and to the same extent as though the lessee or user was the owner of such property.
12	12	1.12 (b) The tax imposed by this subdivision shall not apply to:
13	13	1.13 (1) property leased or used as a concession in or relative to the use in whole or part of
14	14	1.14a public park, market, fairgrounds, port authority, economic development authority
15	15	1.15established under chapter 469, municipal auditorium, municipal parking facility, municipal
16	16	1.16museum, or municipal stadium;
17	17	1.17 (2) property of an airport owned by a city, town, county, or group thereof which is:
18	18	1.18 (i) leased to or used by any person or entity including a fixed base operator; and
19	19	1.19 (ii) used as a hangar for the storage or repair of aircraft or to provide aviation goods,
20	20	1.20services, or facilities to the airport or general public;
21	21	1.21the exception from taxation provided in this clause does not apply to:
22	22	1Section 1.
23	23	25-00538 as introduced12/04/24 REVISOR EAP/NS
24	24	SENATE
25	25	STATE OF MINNESOTA
26	26	S.F. No. 49NINETY-FOURTH SESSION
27	27	(SENATE AUTHORS: WEBER and Dahms)
28	28	OFFICIAL STATUSD-PGDATE
29	29	Introduction and first reading01/16/2025
30	30	Referred to Taxes 2.1 (i) property located at an airport owned or operated by the Metropolitan Airports
31	31	2.2Commission or by a city of over 50,000 population according to the most recent federal
32	32	2.3census or such a city's airport authority; or
33	33	2.4 (ii) hangars leased by a private individual, association, or corporation in connection with
34	34	2.5a business conducted for profit other than an aviation-related business;
35	35	2.6 (3) property constituting or used as a public pedestrian ramp or concourse in connection
36	36	2.7with a public airport;
37	37	2.8 (4) property constituting or used as a passenger check-in area or ticket sale counter,
38	38	2.9boarding area, or luggage claim area in connection with a public airport but not the airports
39	39	2.10owned or operated by the Metropolitan Airports Commission or cities of over 50,000
40	40	2.11population or an airport authority therein. Real estate owned by a municipality in connection
41	41	2.12with the operation of a public airport and leased or used for agricultural purposes is not
42	42	2.13exempt;
43	43	2.14 (5) property leased, loaned, or otherwise made available to a private individual,
44	44	2.15corporation, or association under a cooperative farming agreement made pursuant to section
45	45	2.1697A.135; or
46	46	2.17 (6) property leased, loaned, or otherwise made available to a private individual,
47	47	2.18corporation, or association under section 272.68, subdivision 4.; or
48	48	2.19 (7) property owned by a nonprofit conservation organization that is leased, loaned, or
49	49	2.20otherwise made available to a private individual, corporation, or association for grazing
50	50	2.21activities that further the nonprofit conservation organization's conservation objectives for
51	51	2.22the property.
52	52	2.23 (c) Taxes imposed by this subdivision are payable as in the case of personal property
53	53	2.24taxes and shall be assessed to the lessees or users of real or personal property in the same
54	54	2.25manner as taxes assessed to owners of real or personal property, except that such taxes shall
55	55	2.26not become a lien against the property. When due, the taxes shall constitute a debt due from
56	56	2.27the lessee or user to the state, township, city, county, and school district for which the taxes
57	57	2.28were assessed and shall be collected in the same manner as personal property taxes. If
58	58	2.29property subject to the tax imposed by this subdivision is leased or used jointly by two or
59	59	2.30more persons, each lessee or user shall be jointly and severally liable for payment of the
60	60	2.31tax.
61	61	2.32 (d) The tax on real property of the federal government, the state or any of its political
62	62	2.33subdivisions that is leased, loaned, or otherwise made available to a private individual,
63	63	2Section 1.
64	64	25-00538 as introduced12/04/24 REVISOR EAP/NS 3.1association, or corporation and becomes taxable under this subdivision or other provision
65	65	3.2of law must be assessed and collected as a personal property assessment. The taxes do not
66	66	3.3become a lien against the real property.
67	67	3.4 EFFECTIVE DATE.This section is effective beginning with property taxes payable
68	68	3.5in 2026.
69	69	3Section 1.
70	70	25-00538 as introduced12/04/24 REVISOR EAP/NS