Modifying the definition of native prairie for property tax exemption purposes and modifying the exemption, providing for the consideration of pasture land used for grazing as native prairie upon landowner implementation of conservation practices maintaining biological diversity; creating a land management income tax credit for the costs of certain qualified land management activities completed for conservation purposes, specifying land eligibility and a limit, providing for carryover, imposing a penalty for transfer of qualified land without transfer of taxpayer obligations under the conservation management plan; requiring the department of natural resources to adopt necessary rules and the department of revenue in consultation with the DNR to establish by rule qualifying costs and to adopt tax incentive administration rules (ra)