2025 Session
Last amended: 1980 session
§ 398A.05 — Tax Exemption
Plain-Language Summary
The property and income of a regional railroad authority are exempt from all taxes. However, if the authority's property is used or leased for purposes other than railroad operations, the normal property tax rules apply to that use.
398A.05 TAX EXEMPTION.
The property and income of an authority shall be exempt from all taxation, except that sections 272.01, subdivision 2, and 273.19 shall apply to any use or lease of the property, other than operation of a railroad line by a railroad company.
History:
History: History:
1980 c 616 s 5
Practical Notes
This tax exemption helps authorities keep railroad operations affordable. But if the authority leases property for non-railroad commercial use, the lessee may face property taxes on that use, just like any other commercial property.