MN HF2328

Imposes a flat tax rate of ten cents per gallon on jet fuel and special fuel for aircraft, replacing the previous rate tied to aviation gasoline rates.

Replaces the aircraft registration tax based on aircraft value with a flat-fee system based on maximum takeoff weight, ranging from $1,000 for aircraft under 6,001 pounds to $25,000 for aircraft over 40,001 pounds, effective for registration periods beginning after June 30, 2012.

Excludes turbine-powered aircraft used for commercial purposes from certain tax provisions and requires turbine-powered aircraft owners to file an affidavit with a $25 filing fee instead of paying the standard registration tax.

Adds fractional aircraft ownership provisions requiring fractional owners to pay a proportionate share of applicable taxes and allowing deductions for aircraft registration costs in other states.

Deposits aircraft sales and aircraft parts sales tax revenues ($3,000,000 or 30 percent of total revenue, whichever is greater) to the state airports fund rather than the general fund.