1.2relating to taxation; aircraft; clarifying rates;amending Minnesota Statutes 2013
1.3Supplement, section 360.531, subdivision 2.
1.4BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.5    Section 1. Minnesota Statutes 2013 Supplement, section 360.531, subdivision 2,
1.6is amended to read:
1.7    Subd. 2. Rate. The tax shall be as follows:

1.8	Base Price		Tax
1.9 1.10	Under $499,999 Not over $500,000		$100
1.11 1.12	over $500,000 to $999,999 but not over $1,000,000		$200
1.13 1.14	over $1,000,000 to $2,499,999 but not over $2,500,000		$2,000
1.15 1.16	over $2,500,000 to $4,999,999 but not over $5,000,000		$4,000
1.17 1.18	over $5,000,000 to $7,499,999 but not over $7,500,000		$7,500
1.19 1.20	over $7,500,000 to $9,999,999 but not over $10,000,000		$10,000
1.21 1.22	over $10,000,000 to $12,499,999 but not over $12,500,000		$12,500
1.23 1.24	over $12,500,000 to $14,999,999 but not over $15,000,000		$15,000
1.25 1.26	over $15,000,000 to $17,499,999 but not over $17,500,000		$17,500
1.27 1.28	over $17,500,000 to $19,999,999 but not over $20,000,000		$20,000
1.29 1.30	over $20,000,000 to $22,499,999 but not over $22,500,000		$22,500
2.1 2.2	over $22,500,000 to $24,999,999 but not over $25,000,000		$25,000
2.3 2.4	over $25,000,000 to $27,499,999 but not over $27,500,000		$27,500
2.5 2.6	over $27,500,000 to $29,999,999 but not over $30,000,000		$30,000
2.7 2.8	over $30,000,000 to $39,999,999 but not over $40,000,000		$50,000
2.9	over $40,000,000 and over		$75,000

2.10EFFECTIVE DATE.This section is effective July 1, 2014, and applies to aircraft
2.11tax due on or after that date.