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SF 2329

as introduced - 88th Legislature (2013 - 2014) Posted on 03/06/2014 04:08pm

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
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Current Version - as introduced

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A bill for an act
 relating to taxation; property; reinstating valuation reductions for conservation
easements; amending Minnesota Statutes 2013 Supplement, section 273.117.

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

Section 1.

Minnesota Statutes 2013 Supplement, section 273.117, is amended to read:


273.117 CONSERVATION PROPERTY TAX VALUATION.

The value of real property which is subject to a conservation restriction or easement
deleted text begin shall not be reduceddeleted text end new text begin may be adjustednew text end by the assessor if:

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

(b) the property is being used in accordance with the terms of the conservation
restriction or easement.

deleted text begin This section does not apply to (1) conservation restrictions or easements covering
riparian buffers along lakes, rivers, and streams that are used for water quantity or quality
control; or (2) easements in a county that has adopted, by referendum, a program to protect
farmland and natural areas since 1999.
 deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with assessment year
2014, for taxes payable in 2015.
 new text end