as introduced - 90th Legislature (2017 - 2018) Posted on 04/19/2017 09:16am
A bill for an act
relating to taxation; property; allowing certain property to be eligible for green
acres tax deferment; amending Minnesota Statutes 2016, section 273.111, by
adding a subdivision.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2016, section 273.111, is amended by adding a subdivision
to read:
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(a) Real estate receiving the tax
deferment under this section for assessment year 2012, but that did not qualify for the tax
deferment under this section for assessment years 2013 to 2017 due to eminent domain
action that reduced the real estate to less than ten acres, shall qualify for the tax deferment
under this section for assessment year 2018 and thereafter until:
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(1) the land no longer qualifies for classification as class 2a under section 273.13;
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(2) the land is voluntarily withdrawn from the program; or
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(3) the land is sold, transferred, or subdivided.
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(b) When property assessed under this subdivision:
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(1) is withdrawn from the program;
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(2) no longer qualifies for classification as class 2a under section 273.13; or
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(3) is sold, transferred, or subdivided,
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the property shall be subject to additional taxes as provided in subdivision 9.
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This section is effective for assessment year 2018 and thereafter.
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