Skip to main content Skip to office menu Skip to footer
Capital IconMinnesota Legislature
Office of the Revisor of Statutes

SF 1951

as introduced - 90th Legislature (2017 - 2018) Posted on 03/09/2017 08:21am

KEY: stricken = removed, old language.
underscored = added, new language.
Version List Authors and Status
Pdf Rtf

Current Version - as introduced

Line numbers 1.1 1.2 1.3 1.4
1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 1.13 1.14 1.15 1.16 1.17
1.18 1.19

A bill for an act
 relating to taxation; property; reinstating valuation reductions for conservation
easements; amending Minnesota Statutes 2016, section 273.117.

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

Section 1.

Minnesota Statutes 2016, 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 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;
(2) easements in a county that has adopted, by referendum, a program to protect farmland
and natural areas since 1999; or (3) conservation restrictions or easements entered into prior
to May 23, 2013.
 deleted text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective beginning with assessment year 2017,
for taxes payable in 2018.
 new text end