1.1 	A bill for an act
1.2 	relating to taxation; property; airflight property levy;amending Minnesota 
1.3 	Statutes 2008, section 270.075, subdivision 1.
1.4 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5 	Section 1. Minnesota Statutes 2008, section 270.075, subdivision 1, is amended to read:
1.6 		Subdivision 1.Rate of tax. The commissioner shall determine the rate of tax to be 
1.7 	levied and collected against the net tax capacity as determined pursuant to section 270.074, 
1.8 	subdivision 2, to generate revenues sufficient to fund the airflight property tax portion 
1.9 	of each year's state airport fund appropriation, as certified to the commissioner by the 
1.10 	commissioner of transportation. The certification shall be presented to the commissioner 
1.11 	prior to September 1 of each year. The property tax portion of the state airport fund 
1.12 	appropriation is the difference between the total fund appropriation and the estimated total 
1.13 	fund revenues from other sources for the state fiscal year in which the tax is payable. If a 
1.14 	levy amount has not been certified by September 1 of a levy year, the commissioner shall 
1.15 	use the last previous certified amount to determine the rate of tax.The certification by the 
1.16 	commissioner of transportation to the commissioner shall state the total fund appropriation 
1.17 	and shall list individually the estimated fund revenues. The difference of these amounts 
1.18 	shall be shown as the property tax portion of the state airport fund appropriation.

1.19 	EFFECTIVE DATE. This section is effective for taxes payable in 2011 and 
1.20 	thereafter.