HF3198 Summary

• Amends Minnesota Statutes 2008, section 272.02, subdivision 42 to establish property tax exemptions for property leased to charter schools formed and operated under section 124D.10.

• Property leased to charter schools is exempt from taxation if the lease is for at least 12 consecutive months and the property is owned by a nonprofit corporation, public school district, college, university, private academy, church, or state/political subdivision.

• Charter school must use the property for direct instruction in kindergarten through grade 12, special education for disabled children, or administrative services directly related to the educational program.

• Charter school must have exclusive right to use the property during the lease period, except for shared use provisions allowing joint use with another public or private school, a church, or a state/political subdivision.

• Effective for assessment year 2010 and thereafter, for taxes payable in 2011 and beyond.