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2017 Minnesota Statutes

270.072 TAXATION AND ASSESSMENT OF FLIGHT PROPERTY.

Subdivision 1.Tax on real estate.

All real property of an airline company and all personal property thereof except flight property shall be taxed as otherwise provided by law.

Subd. 2.Assessment of flight property.

Flight property that is owned by, or is leased, loaned, or otherwise made available to an airline company operating in Minnesota shall be assessed and appraised annually by the commissioner with reference to its value on January 2 of the assessment year in the manner prescribed by sections 270.071 to 270.079.

[See Note.]

Subd. 3.Report by airline company.

(a) Each year, on or before July 1, every airline company engaged in air commerce in this state shall file with the commissioner a report under oath setting forth specifically the information prescribed by the commissioner to enable the commissioner to make the assessment required in sections 270.071 to 270.079, unless the commissioner determines that the airline company is exempt from filing.

(b) The commissioner shall prescribe the content, format, and manner of the report pursuant to section 270C.30, except that a "law administered by the commissioner" includes the property tax laws. If a report is made by electronic means, the taxpayer's signature is defined pursuant to section 270C.304, except that a "law administered by the commissioner" includes the property tax laws.

[See Note.]

Subd. 3a.Commissioner filed reports.

If an airline company fails to file a report required by subdivision 3, the commissioner may, from information in the commissioner's possession or obtainable by the commissioner, make and file a report for the airline company, or may issue a notice of net tax capacity and tax under section 270.075, subdivision 2.

[See Note.]

Subd. 4.Extension of time.

The commissioner for good cause may extend for not to exceed 30 days the time for making a report.

Subd. 5.

[Repealed, 2000 c 490 art 5 s 40]

Subd. 6.Air flight property tax lien.

The tax imposed under sections 270.071 to 270.079 is a lien on all real and personal property within this state of the airline company in whose name the property is assessed. The lien attaches on January 2 of each year for the taxes payable in the following year.

NOTE: The amendment to subdivision 2 by Laws 2017, First Special Session chapter 1, article 15, section 6, is effective for assessment year 2018 and thereafter. Laws 2017, First Special Session chapter 1, article 15, section 6, the effective date.

NOTE: The amendment to subdivision 3, paragraph (a), by Laws 2017, First Special Session chapter 1, article 15, section 7, is effective for reports filed in 2018 and thereafter. Laws 2017, First Special Session chapter 1, article 15, section 7, the effective date.

NOTE: Subdivision 3a, as added by Laws 2017, First Special Session chapter 1, article 15, section 8, is effective for assessment year 2018 and thereafter. Laws 2017, First Special Session chapter 1, article 15, section 8, the effective date.

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