HF 2406

as introduced - 84th Legislature (2005 - 2006) Posted on 12/15/2009 12:00am

A bill for an act
relating to taxation; providing for a sales tax
exemption for certain aircraft and aerial surveying
equipment used in a job opportunity building zone;
amending Minnesota Statutes 2004, section 297A.68,
subdivision 37.

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

Section 1.

Minnesota Statutes 2004, section 297A.68,
subdivision 37, is amended to read:

Subd. 37.

Job opportunity building zones.

(a) Purchases
of tangible personal property or taxable services by a qualified
business, as defined in section 469.310, are exempt if the
property or services are primarily used or consumed in a job
opportunity building zone designated under section 469.314.

(b) new text begin For purposes of this subdivision, aircraft that are
operated under a Federal Aviation Administration Restricted
Airworthiness Certificate according to Code of Federal
Regulations, title 14, part 21, section 21.25(b)(3), relating to
aerial surveying, and that are based, maintained, and dispatched
from a job opportunity building zone, and any aerial camera
package, including any camera, computer, and navigation device
contained in the package, that is used in the aircraft, qualify
as primarily used or consumed in a job opportunity building zone
if the imagery acquired from the aerial camera package is
returned to the job opportunity building zone for processing.
new text end

new text begin (c) new text end Purchase and use of construction materials and supplies
for construction of improvements to real property in a job
opportunity building zone are exempt if the improvements after
completion of construction are to be used in the conduct of a
qualified business, as defined in section 469.310. This
exemption applies regardless of whether the purchases are made
by the business or a contractor.

deleted text begin (c) deleted text end new text begin (d) new text end The exemptions under this subdivision apply to a
local sales and use tax regardless of whether the local sales
tax is imposed on the sales taxable as defined under this
chapter.

deleted text begin (d) deleted text end new text begin (e) new text end This subdivision applies to sales, if the purchase
was made and delivery received during the duration of the zone.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for sales and
purchases made after June 30, 2005.
new text end