HF 2645

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to taxation; making outdoor advertising 
  1.3             devices taxable for purposes of property taxes; 
  1.4             amending Minnesota Statutes 1999 Supplement, sections 
  1.5             272.02, subdivision 9; and 273.13, subdivision 31. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1999 Supplement, section 
  1.8   272.02, subdivision 9, is amended to read: 
  1.9      Subd. 9.  [PERSONAL PROPERTY; EXCEPTIONS.] Except for the 
  1.10  taxable personal property enumerated below, all personal 
  1.11  property and the property described in section 272.03, 
  1.12  subdivision 1, paragraphs (c) and (d), shall be exempt.  
  1.13     The following personal property shall be taxable:  
  1.14     (a) personal property which is part of an electric 
  1.15  generating, transmission, or distribution system or a pipeline 
  1.16  system transporting or distributing water, gas, crude oil, or 
  1.17  petroleum products or mains and pipes used in the distribution 
  1.18  of steam or hot or chilled water for heating or cooling 
  1.19  buildings and structures; 
  1.20     (b) railroad docks and wharves which are part of the 
  1.21  operating property of a railroad company as defined in section 
  1.22  270.80; 
  1.23     (c) personal property defined in section 272.03, 
  1.24  subdivision 2, clause (3); 
  1.25     (d) leasehold or other personal property interests which 
  2.1   are taxed pursuant to section 272.01, subdivision 2; 273.124, 
  2.2   subdivision 7; or 273.19, subdivision 1; or any other law 
  2.3   providing the property is taxable as if the lessee or user were 
  2.4   the fee owner; 
  2.5      (e) manufactured homes and sectional structures, including 
  2.6   storage sheds, decks, and similar removable improvements 
  2.7   constructed on the site of a manufactured home, sectional 
  2.8   structure, park trailer or travel trailer as provided in section 
  2.9   273.125, subdivision 8, paragraph (f); and 
  2.10     (f) flight property as defined in section 270.071; and 
  2.11     (g) outdoor advertising devices as defined in section 
  2.12  273.13, subdivision 31.  
  2.13     Sec. 2.  Minnesota Statutes 1999 Supplement, section 
  2.14  273.13, subdivision 31, is amended to read: 
  2.15     Subd. 31.  [CLASS 5.] Class 5 property includes:  
  2.16     (1) unmined iron ore and low-grade iron-bearing formations 
  2.17  as defined in section 273.14; and 
  2.18     (2) outdoor advertising devices as defined in this 
  2.19  subdivision.  An "outdoor advertising device" means any 
  2.20  billboard, sign, display, poster, notice, or similar space, 
  2.21  device, or structure located out-of-doors which is intended to 
  2.22  be viewed by and advertise to or inform the public from a road, 
  2.23  street, or highway; and includes any structure or attachments 
  2.24  used in conjunction with it; and 
  2.25     (3) all other property not otherwise classified. 
  2.26     Class 5 property has a class rate of 3.4 percent of market 
  2.27  value. 
  2.28     Sec. 3.  [EFFECTIVE DATE.] 
  2.29     Sections 1 and 2 are effective for the 2000 assessment and 
  2.30  thereafter, for taxes payable in 2001 and thereafter.