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Minnesota Legislature

Office of the Revisor of Statutes

HF 3349

as introduced - 90th Legislature (2017 - 2018) Posted on 03/05/2018 03:09pm

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

Current Version - as introduced

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A bill for an act
relating to property taxes; increasing the number of acres exempt under the
agricultural historical society property exemption; amending Minnesota Statutes
2016, section 272.02, subdivision 49.

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

Section 1.

Minnesota Statutes 2016, section 272.02, subdivision 49, is amended to read:


Subd. 49.

Agricultural historical society property.

Property is exempt from taxation
if it is owned by a nonprofit charitable or educational organization that qualifies for
exemption under section 501(c)(3) of the Internal Revenue Code and meets the following
criteria:

(1) the property is primarily used for storing and exhibiting tools, equipment, and artifacts
useful in providing an understanding of local or regional agricultural history. Primary use
is determined each year based on the number of days the property is used solely for storage
and exhibition purposes;

(2) the property is limited to a maximum of deleted text begin20deleted text endnew text begin 50new text end acres per owner per county, but
includes the land and any taxable structures, fixtures, and equipment on the land;

(3) the property is not used for a revenue-producing activity for more than ten days in
each calendar year; and

(4) the property is not used for residential purposes on either a temporary or permanent
basis.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective for assessments beginning in 2018.
new text end