Minnesota Legislature
SF 1983
as introduced - 88th Legislature (2013 - 2014) Posted on 03/11/2014 10:09am
KEY: stricken = removed, old language.
underscored = added, new language.
Current Version - as introduced
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A bill for an act
relating to taxation; aircraft; clarifying rates; amending Minnesota Statutes 2013
Supplement, section 360.531, subdivision 2.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1.
Minnesota Statutes 2013 Supplement, section 360.531, subdivision 2,
is amended to read:
Subd. 2.
Rate.
The tax shall be as follows:
| Base Price |
Tax |
|
|
deleted text begin
Under $499,999 deleted text end new text begin Not over $500,000 new text end |
$100 |
|
| new text begin over new text end $500,000 deleted text begin to $999,999 deleted text end new text begin but not over $1,000,000 new text end |
$200 |
|
| new text begin over new text end $1,000,000 deleted text begin to $2,499,999 deleted text end new text begin but not over $2,500,000 new text end |
$2,000 |
|
| new text begin over new text end $2,500,000 deleted text begin to $4,999,999 deleted text end new text begin but not over $5,000,000 new text end |
$4,000 |
|
| new text begin over new text end $5,000,000 deleted text begin to $7,499,999 deleted text end new text begin but not over $7,500,000 new text end |
$7,500 |
|
| new text begin over new text end $7,500,000 deleted text begin to $9,999,999 deleted text end new text begin but not over $10,000,000 new text end |
$10,000 |
|
| new text begin over new text end $10,000,000 deleted text begin to $12,499,999 deleted text end new text begin but not over $12,500,000 new text end |
$12,500 |
|
| new text begin over new text end $12,500,000 deleted text begin to $14,999,999 deleted text end new text begin but not over $15,000,000 new text end |
$15,000 |
|
| new text begin over new text end $15,000,000 deleted text begin to $17,499,999 deleted text end new text begin but not over $17,500,000 new text end |
$17,500 |
|
| new text begin over new text end $17,500,000 deleted text begin to $19,999,999 deleted text end new text begin but not over $20,000,000 new text end |
$20,000 |
|
| new text begin over new text end $20,000,000 deleted text begin to $22,499,999 deleted text end new text begin but not over $22,500,000 new text end |
$22,500 |
|
| new text begin over new text end $22,500,000 deleted text begin to $24,999,999 deleted text end new text begin but not over $25,000,000 new text end |
$25,000 |
|
| new text begin over new text end $25,000,000 deleted text begin to $27,499,999 deleted text end new text begin but not over $27,500,000 new text end |
$27,500 |
|
| new text begin over new text end $27,500,000 deleted text begin to $29,999,999 deleted text end new text begin but not over $30,000,000 new text end |
$30,000 |
|
| new text begin over new text end $30,000,000 deleted text begin to $39,999,999 deleted text end new text begin but not over $40,000,000 new text end |
$50,000 |
|
| new text begin over new text end $40,000,000 deleted text begin and over deleted text end |
$75,000 |
new text begin EFFECTIVE DATE. new text end
new text begin
This section is effective July 1, 2014, and applies to aircraft
tax due on or after that date.
new text end