HF 2798

as introduced - 91st Legislature (2019 - 2020) Posted on 04/03/2019 11:01am

A bill for an act
relating to taxation; sustainable forest incentive program; clarifying effective date;
amending Laws 2017, First Special Session chapter 1, article 10, section 4.

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

Section 1.

Laws 2017, First Special Session chapter 1, article 10, section 4, the effective
date, is amended to read:

EFFECTIVE DATE; APPLICATION.

This section is effective for applications new text begin and
certifications new text end made in 2018 and thereafter, except the repeal of the exclusion of land under
item (iii) is effective retroactively for payments due under Minnesota Statutes, section
290C.08, beginning for payments due to be made in 2014. In order to qualify for retroactive
payments, the following requirements must be met: (1) the owner of land exceeding 60,000
acres that is subject to a single conservation easement funded under Minnesota Statutes,
section 97A.056 or a comparable permanent easement conveyed to a governmental or
nonprofit entity, must submit an application to the commissioner of revenue, in a form and
manner and at a time acceptable to the commissioner, establishing that the affected property
and its use met the requirement of Minnesota Statutes, chapter 290C, as amended by this
section; (2) the owner and each county in which the land is located must certify to the
commissioner that no petitions challenging the market value of the property are pending
under Minnesota Statutes, chapter 278; and (3) the requirements of clauses (1) and (2) must
be satisfied by October 1, 2017. No interest accrues on payment under this section for
periods before November 1, 2017.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective retroactively for certifications made in
2018 and thereafter.
new text end