MN SF1289

Modifies property tax exemption for airport property leased or used by private entities in Minnesota by adding new restrictions based on airport size and ownership.

Property at airports owned or operated by the Metropolitan Airports Commission or cities over 50,000 population becomes subject to taxation, except cities with 50,000-150,000 population receive a 50 percent net tax capacity reduction for tax years 2024-2035.

Hangars leased for non-aviation-related businesses conducted for profit become taxable at all airports, while aviation-related hangars remain exempt.

Passenger check-in areas, ticket counters, boarding areas, and luggage claim areas at smaller airports remain exempt, but become taxable at large airports and Metropolitan Airports Commission facilities (with same 50 percent reduction for mid-sized cities through 2035).

Effective beginning with property taxes payable in 2024.