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Capital IconMinnesota Legislature

Legislative Session number- 84

Bill Name: SF1800

Establishing an aggregate resource preservation property tax program for the
valuation and classification of property containing certain unmined commercial
aggregate deposit; specifying qualifying property and certain affidavit and
valuation deferment application requirements, requiring a covenant restricting
use; providing for county assessor determination of value as agricultural
property; authorizing cancellation of the covenant under certain conditions;
subjecting property no long qualifying to certain additional taxes, additional
taxes to be a lien on the property; requiring property owner filing of
supplemental affidavits upon the start of mining activity, requiring removal of
the property from the program, failure to file to result in loss of the
valuation deferment; providing for continuation of the deferment upon sale of
the property
(ra)