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

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

1.8 | Base Price | | Tax
1.91.10

~~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

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