Repeals certain sales and use tax exemptions for aircraft and changes revenue deposit requirements.

The bill repeals sales and use tax exemptions for aircraft sold or used outside Minnesota and modifies revenue deposit requirements. Tax revenue from aircraft sales must now be deposited in the state airports fund. The bill also allows the commissioner of revenue to enter into an agreement with the commissioner of transportation for tax collection on aircraft. This change takes effect for sales and purchases made after June 30, 2026.

Repeals certain sales and use tax exemptions for aircraft and changes revenue deposit requirements.

The bill repeals sales and use tax exemptions for aircraft sold or used outside Minnesota and modifies revenue deposit requirements. Tax revenue from aircraft sales must now be deposited in the state airports fund. The bill also allows the commissioner of revenue to enter into an agreement with the commissioner of transportation for tax collection on aircraft. This change takes effect for sales and purchases made after June 30, 2026.