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HF 1161

as introduced - 88th Legislature (2013 - 2014) Posted on 03/04/2013 01:58pm

KEY: stricken = removed, old language.
underscored = added, new language.

Bill Text Versions

Engrossments
Introduction Posted on 03/04/2013

Current Version - as introduced

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A bill for an act
relating to outdoor heritage; establishing property tax valuation criteria for
conservation easements purchased with outdoor heritage funds; amending
Minnesota Statutes 2012, section 273.117.

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

Section 1.

Minnesota Statutes 2012, section 273.117, is amended to read:


273.117 CONSERVATION PROPERTY TAX VALUATION.

new text begin (a) Except as provided under paragraph (b), new text end the value of real property which is
subject to a conservation restriction or easement may be adjusted by the assessor if:

deleted text begin (a)deleted text end new text begin (1)new text end the restriction or easement is for a conservation purpose as defined in section
84.64, subdivision 2, and is recorded on the property;new text begin and
new text end

deleted text begin (b)deleted text end new text begin (2)new text end the property is being used in accordance with the terms of the conservation
restriction or easement.

new text begin (b) The assessor shall value in fee simple any real property subject to one or more
conservation easements acquired in whole or in part with money from the outdoor heritage
fund established under the Minnesota Constitution, article XI, section 15.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for assessment year 2013 and
thereafter, for taxes payable in 2014 and thereafter.
new text end