Minnesota HF443 modifies property tax exemptions for certain airport property.

Minnesota HF443 amends the property tax exemption for certain airport property. Specifically, it imposes a tax on the net tax capacity of property used as a passenger check-in area, ticket sale counter, boarding area, or luggage claim area at public airports, reducing this capacity by 50% for taxes payable from 2026 through 2037. This tax applies to property leased or used by private entities for profit, except for certain exceptions like property used as a hangar for aircraft storage or repair. The tax is payable as personal property taxes and does not become a lien against the property.

Minnesota HF443 modifies property tax exemptions for certain airport property.

Minnesota HF443 amends the property tax exemption for certain airport property. Specifically, it imposes a tax on the net tax capacity of property used as a passenger check-in area, ticket sale counter, boarding area, or luggage claim area at public airports, reducing this capacity by 50% for taxes payable from 2026 through 2037. This tax applies to property leased or used by private entities for profit, except for certain exceptions like property used as a hangar for aircraft storage or repair. The tax is payable as personal property taxes and does not become a lien against the property.