MN SF2135

Modifies Minnesota estate tax provisions for qualified small business and farm property, including changes to material participation requirements, passive activity definitions, and recapture tax conditions effective for estates of decedents dying after June 30, 2011.

Amends property tax provisions including airport facility efficiency valuations, agricultural land classifications, farm property additional taxes, and rural vacant land assessments, with various effective dates beginning in 2012-2013.

Updates sales and use tax provisions regarding exemption certificates, burden of proof standards, and "good faith" definitions for sellers claiming exemptions from sales tax liability.

Creates a new automobile theft prevention surcharge on comprehensive automobile insurance policies at 50 cents per vehicle per six months, with revenue transferred to the general fund and automobile theft prevention programs.

Modifies various tax administration provisions including electronic notification procedures, wage levy reporting requirements, insurance premium tax definitions, and tobacco product tax calculations effective in 2012-2013.