SF 2071

as introduced - 86th Legislature (2009 - 2010) Posted on 02/09/2010 11:33pm

A bill for an act
relating to taxation; property tax exemption for leased property at Minneapolis
Convention Center.

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

Section 1. new text begin MINNEAPOLIS CONVENTION CENTER; LEASE; PROPERTY
TAX EXEMPTION.
new text end

new text begin Notwithstanding Minnesota Statutes, section 272.01, subdivision 2, or 273.19, real
or personal property subject to a lease or use agreement between the city of Minneapolis
and a private entity for purposes of providing food and beverage services within the
Minneapolis Convention Center is exempt from property taxation.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for assessment year 2009 and
thereafter, for taxes payable in 2010 and thereafter.
new text end