SF 1262

Introduction - 94th Legislature (2025 - 2026)

Posted on 02/14/2025 09:23 a.m.

A bill for an act
relating to natural resources; requiring a report on payment in lieu of taxes on
natural resource lands.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin PAYMENT IN LIEU OF TAXES ON NATURAL RESOURCE LANDS;
REPORT.
new text end

new text begin By December 1, 2026, the commissioner of natural resources, in cooperation with the
commissioners of revenue and management and budget, and stakeholders, including
representatives from affected local units of government and other interested parties, must
report to the chairs and ranking minority members of the legislative committees with
jurisdiction over natural resources and tax policy and finance with recommended changes
to payment in lieu of taxes for natural resource lands under Minnesota Statutes, sections
477A.11 to 477A.14. The report must include an analysis of the current payment and
distribution system and any recommended changes, including an analysis of the:
new text end

new text begin (1) rate of payments for specific classes of natural resource lands;
new text end

new text begin (2) adequacy of payments to local units of government to offset the tax revenue that
would have been collected if the lands were in private ownership; and
new text end

new text begin (3) current funding for payments and the impact of additional land acquisition on the
funding.
new text end