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Committee lays over bill giving 50% property-tax exemption for airport-leased property in mid-size cities
Summary
Senate File 1027 would grant a 50% property-tax exemption for certain leased airport property in mid-sized cities (50,000–150,000 population), targeting Duluth, St. Cloud and Rochester; the Taxes Committee laid the bill over for omnibus consideration.
Senate File 1027, carried by Senator Hauschildt, would create a 50% property-tax exemption for certain leased airport property in communities with populations between 50,000 and 150,000 for a 10-year period. The bill specifically targets airports that are not owned or operated by the Metropolitan Airports Commission and was described in committee as applying to Duluth, St. Cloud and Rochester.
Senator Hauschildt told the Taxes Committee that businesses operating…
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