MN SF1913

Establishes a $8,000,000 revenue cap for fiscal years 2013 and 2014 under Minnesota Statutes section 270.075, excluding taxes and penalties attributable to previous years from calculations.

Changes jet fuel excise tax from matching aviation gasoline rates to a flat rate of ten cents per gallon, effective for all jet fuel received, sold, stored, or withdrawn from storage in Minnesota.

Replaces aircraft registration tax based on aircraft value with fixed amounts determined by maximum takeoff weight, ranging from $1,000 for aircraft under 6,001 pounds to $25,000 for aircraft over 40,001 pounds, for registration periods beginning after June 30, 2012.

Redirects aircraft and aircraft parts sales tax revenue to the state airports fund, depositing either $3,000,000 or 30 percent of total aircraft sales tax revenue (whichever is greater) annually.

Imposes a $25 filing fee and affidavit requirement for residents and in-state entities owning turbine-powered aircraft, and extends registration requirements to nonresident aircraft with fractional ownership interests held by Minnesota residents or in-state entities.