This bill amends Minnesota Statutes 2024, specifically section 297A.82, by introducing a new subdivision (4b) that mandates tax revenue from aircraft sales and purchases to be deposited in the state treasury and allocated to the commissioner of education for specific educational uses. It clarifies that this revenue does not include sales tax generated under a separate statute, which must be deposited according to constitutional provisions. Additionally, the bill repeals subdivisions 4 and 4a, which previously outlined various exemptions related to aircraft transactions and the deposit of tax revenue into the state airports fund.

Furthermore, the bill modifies subdivision 7 by updating the language regarding the agreement with the commissioner of transportation, allowing for the collection of sales tax on aircraft by the commissioner of transportation as an agent of the commissioner of revenue. The effective date for these changes is set for sales and purchases made after June 30, 2026. Overall, the bill aims to streamline the taxation process for aircraft while reallocating revenue to support education.

Statutes affected:
Introduction: 297A.82