HF 1009

as introduced - 81st Legislature (1999 - 2000) Posted on 12/15/2009 12:00am

  1.1                          A bill for an act 
  1.2             relating to tax; property; allowing certain property 
  1.3             to be eligible for green acres property tax treatment; 
  1.4             amending Minnesota Statutes 1998, section 273.111, by 
  1.5             adding a subdivision. 
  1.6   BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA: 
  1.7      Section 1.  Minnesota Statutes 1998, section 273.111, is 
  1.8   amended by adding a subdivision to read: 
  1.9      Subd. 15.  [DISSECTED PARCELS; CONTINUED DEFERMENT.] Real 
  1.10  estate consisting of more than ten, but less than 15, acres 
  1.11  which has: 
  1.12     (1) been owned by the applicant or the applicant's parents 
  1.13  for at least 70 years; 
  1.14     (2) been dissected by two or more major parkways or 
  1.15  interstate highways; and 
  1.16     (3) qualified for the agricultural valuation and tax 
  1.17  deferment under this section through assessment year 1997, taxes 
  1.18  payable 1998, shall continue to qualify for treatment under this 
  1.19  section until the applicant's death or transfer or sale by the 
  1.20  applicant of the applicant's interest in the real estate. 
  1.21     Sec. 2.  [EFFECTIVE DATE.] 
  1.22     Section 1 is effective retroactively for property taxes 
  1.23  payable in 1999 and thereafter.