2006 Minnesota Statutes

473.448 TRANSIT ASSETS EXEMPT FROM TAX BUT MUST PAY ASSESSMENTS.
(a) Notwithstanding any other provision of law to the contrary, the properties, moneys, and
other assets of the council used for transit operations or for special transportation services and all
revenues or other income from the council's transit operations or special transportation services
are exempt from all taxation, licenses, or fees imposed by the state or by any county, municipality,
political subdivision, taxing district, or other public agency or body of the state, except to the
extent that the property is subject to the sales and use tax under chapter 297A.
(b) Notwithstanding paragraph (a), the council's transit properties are subject to special
assessments levied by a political subdivision for a local improvement in amounts proportionate to
and not exceeding the special benefit received by the properties from the improvement.
History: 1975 c 13 s 73; 1983 c 213 s 22; 1994 c 628 art 3 s 141; 1995 c 236 s 16; 1996 c
471 art 3 s 41; 2000 c 418 art 2 s 9