HF 3548

as introduced - 86th Legislature (2009 - 2010) Posted on 03/09/2010 10:25am

A bill for an act
relating to taxation; property; airflight property levy; amending Minnesota
Statutes 2008, section 270.075, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2008, section 270.075, subdivision 1, is amended to read:

Subdivision 1.

Rate of tax.

The commissioner shall determine the rate of tax to be
levied and collected against the net tax capacity as determined pursuant to section 270.074,
subdivision 2, to generate revenues sufficient to fund the airflight property tax portion
of each year's state airport fund appropriation, as certified to the commissioner by the
commissioner of transportation. new text begin The certification shall be presented to the commissioner
prior to September 1 of each year. new text end The property tax portion of the state airport fund
appropriation is the difference between the total fund appropriation and the estimated total
fund revenues from other sources for the state fiscal year in which the tax is payable. deleted text begin If a
levy amount has not been certified by September 1 of a levy year, the commissioner shall
use the last previous certified amount to determine the rate of tax. deleted text end new text begin The certification by the
commissioner of transportation to the commissioner shall state the total fund appropriation
and shall list individually the estimated fund revenues. The difference of these amounts
shall be shown as the property tax portion of the state airport fund appropriation. new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for taxes payable in 2011 and
thereafter.
new text end