Minnesota § 360.521 AIRCRAFT TAX LIMITATION AND ELECTION

Minnesota Statutes

§ 360.521 — AIRCRAFT TAX LIMITATION AND ELECTION

Minnesota § 360.521

PartAERONAUTICS

Ch. 360AIRPORTS AND AERONAUTICS

This text of Minnesota § 360.521 (AIRCRAFT TAX LIMITATION AND ELECTION) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 360.521 (2026).

Text

(a)None of the provisions of sections360.531to360.67apply to aircraft or airline companies used in air commerce which have a certificate of convenience and necessity issued by the United States Civil Aeronautics Board.

(b)All aircraft of an airline company operating without a certificate of convenience and necessity issued by the United States Civil Aeronautics Board and with at least three regularly scheduled interstate flights per week shall be registered annually in the manner prescribed in sections360.511to360.67or if the airline company so elects, thereafter, or until an election otherwise, all of its air flight property shall be assessed annually by the commissioner of revenue in a manner prescribed by sections270.071to270.079unless prior to July 1 in the year of election the airli

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(a) None of the provisions of sections360.531to360.67apply to aircraft or airline companies used in air commerce which have a certificate of convenience and necessity issued by the United States Civil Aeronautics Board.
(b) All aircraft of an airline company operating without a certificate of convenience and necessity issued by the United States Civil Aeronautics Board and with at least three regularly scheduled interstate flights per week shall be registered annually in the manner prescribed in sections360.511to360.67or if the airline company so elects, thereafter, or until an election otherwise, all of its air flight property shall be assessed annually by the commissioner of revenue in a manner prescribed by sections270.071to270.079unless prior to July 1 in the year of election the airline company has registered and paid a tax under sections360.511to360.67.
(c) If pursuant to paragraph (b) an airline company being taxed pursuant to sections270.071to270.079registers pursuant to sections360.511to360.67prior to July 1, then such airline company will be required to pay one-half of the registration tax which would have been due July 1 in the year of election for an airline company not already being taxed pursuant to sections270.071to270.079, such one-half to be allocable to the last six months of the registration period.
(d) If an airline company registered pursuant to sections360.511to360.67elects to be taxed in the manner prescribed by sections270.071to270.079, then such airline company will be required to pay one-half of the registration tax which would have been due July 1 of the year of election if the airline company would not have elected to be taxed in the manner prescribed by sections270.071to270.079, such one-half to be allocable to the first six months of the registration period.
(e) Written notice of such election shall be given to the commissioner of transportation and the commissioner of revenue prior to July 1 in the year of election. If an airline company not already taxed under sections270.071to270.079fails to make an election, then such airline company shall register its aircraft and pay a tax under sections360.511to360.67.