1999 Minnesota Statutes

     270.37 Tax credit.  

    Subdivision 1.    Credit; application.  For each acre of 
 land which shall have been planted and maintained with a minimum 
 of 500 trees of commercial species, the owner may be allowed a 
 credit against taxes on other lands within the same governmental 
 subdivision on which the planting is made in the amount of 50 
 cents per acre per year.  An application for such credit must 
 accompany the annual report to the county board required by 
 section 270.38, subdivision 3, and shall be handled in the same 
 manner as other reclassification provided in said subdivision.  
 The credit shall in no event exceed the amount of the tax due 
 upon the land in such governmental subdivision.  When the 
 plantation is ten years old, the plantation shall be classified 
 as a commercial forest type and taxed as such and the credit 
 against tax set forth above shall cease.  

    Subd. 2.    Applicability.  This section shall not apply 
 to lands devoted to growing trees for ornamental purposes.  In 
 the event any such trees are severed, all credits received shall 
 be repaid plus triple the tax as would otherwise have applied.  

    HIST: 1957 c 639 s 7; 1959 c 441 s 3; 1986 c 444