HF 52

as introduced - 83rd Legislature, 2003 1st Special Session (2003 - 2003) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; exempting certain baseball parks 
  1.3             from property taxation; amending Minnesota Statutes 
  1.4             2002, section 272.02, subdivision 25. 
  1.5   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.6      Section 1.  Minnesota Statutes 2002, section 272.02, 
  1.7   subdivision 25, is amended to read: 
  1.8      Subd. 25.  [ICE ARENAS; BASEBALL PARKS.] (a) Real and 
  1.9   personal property is exempt if it is owned and operated by a 
  1.10  private, nonprofit corporation exempt from federal income 
  1.11  taxation pursuant to United States Code, title 26, section 
  1.12  501(c)(3), primarily used for an ice arena or ice rink, and used 
  1.13  primarily for youth and high school programs. 
  1.14     (b) Real property is exempt if it is owned and operated by 
  1.15  a private, nonprofit corporation exempt from federal income 
  1.16  taxation pursuant to United States Code, title 26, section 
  1.17  501(c)(3), and primarily used as a baseball park by amateur 
  1.18  baseball players. 
  1.19     [EFFECTIVE DATE.] This section is effective for taxes 
  1.20  levied in 2003, payable in 2004, and thereafter.