Minnesota legislation · 94th Legislature 2025-2026
Minnesota HF1698: Property tax exemption allowed for certain leased land.
Status: In committee, April 9, 2026
What the bill says
A bill for an act relating to taxation; property; allowing an exemption for certain leased land; amending Minnesota Statutes 2024, section 272.01, subdivision 2.
From the introduced text, February 27, 2025:
A bill for an act relating to taxation; property; allowing an exemption for certain leased land; amending Minnesota Statutes 2024, section 272.01, subdivision 2. Section 1. Minnesota Statutes 2024, section 272.01, subdivision 2, is amended to read: Subd. 2. Exempt property used by private entity for profit. (a) When any real or personal property which is exempt from ad valorem taxes, and taxes in lieu thereof, is leased, loaned, or otherwise made available and used by a private individual, association, or corporation in connection with a business conducted for profit, there shall be imposed a tax, for the privilege of so using or possessing such real or personal property, in the same amount and to the same extent as though the lessee or user was the owner of such property. (b) The tax imposed by this subdivision shall not apply to: (1) property leased or used as a concession in or relative to the use in whole or part of a public park, market, fairgrounds, port authority, economic development authority established under chapter 469, municipal auditorium, municipal parking facility, municipal museum, or municipal stadium; (2) property of an airport owned by a city, town, county, or group thereof which and (ii) used as a hangar for the storage or repair of aircraft or to provide aviation goods, services, or facilities …
Sponsors
- Anderson, P. H. (R) · primary sponsor
- Bryan Lawrence (R)
- Steve Gander (R)
- Kristi Pursell (D)
- Smith, Andy (D, 25B)
- Athena Hollins (D)
- Steve Elkins (D)
Latest actions
- : Author added Elkins
- : Author added Hollins
- : Authors added Pursell and Smith
- : Introduction and first reading, referred to Taxes
Common questions
- What is HF1698?
- HF1698 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Property tax exemption allowed for certain leased land.
- What does HF1698 do?
- In its own words: A bill for an act relating to taxation; property; allowing an exemption for certain leased land; amending Minnesota Statutes 2024, section 272.01, subdivision 2.
- What is the status of HF1698?
- In committee as of April 9, 2026. Latest action: Author added Elkins (April 9, 2026).
- Who sponsored HF1698?
- Anderson, P. H. (R), with 6 co-sponsors.
- Where is the official record for HF1698?
- On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=HF1698&y=2025&ssn=0&b=house
Source: official Minnesota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.