as introduced - 91st Legislature (2019 - 2020) Posted on 03/20/2019 11:24am
Engrossments | ||
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Introduction | Posted on 03/19/2019 |
A bill for an act
relating to taxation; property; establishing property tax exemption for charitable
farmland; amending Minnesota Statutes 2018, section 272.02, by adding a
subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2018, section 272.02, is amended by adding a subdivision
to read:
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Property owned by an organization exempt under
subdivision 4, 6, or 58 and used in the production of agricultural products as defined in
section 273.13, subdivision 23, is exempt, provided that any proceeds from the sale of the
agricultural products are used to support the mission of an organization exempt under
subdivision 4, 6, or 58.
new text end
new text begin
This section is effective beginning with property taxes payable
in 2020.
new text end