Minnesota SF1027 modifies property tax exemptions for certain airport property used by private entities for profit.
Minnesota SF1027 amends the property tax exemption for certain airport property used by private entities for profit. The bill specifies that property taxes for certain airport property used by private entities for profit, excluding aviation-related businesses, will be calculated as personal property taxes. It also reduces the net tax capacity of such property by 50 percent for property taxes payable in 2026 through 2037.
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