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290C.07 CALCULATION OF INCENTIVE PAYMENT.
An approved claimant under the sustainable forest incentive program is eligible to receive an
annual payment. The payment shall equal the greater of:
(1) the difference between the property tax that would be paid on the land using the previous
year's statewide average total township tax rate and the class rate for class 2b timberland under
section 273.13, subdivision 23, paragraph (b), if the land were valued at (i) the average statewide
timberland market value per acre calculated under section 290C.06, and (ii) the average statewide
timberland current use value per acre calculated under section 290C.02, subdivision 5;
(2) two-thirds of the property tax amount determined by using the previous year's statewide
average total township tax rate, the estimated market value per acre as calculated in section
290C.06, and the class rate for 2b timberland under section 273.13, subdivision 23, paragraph
(b); or
(3) $1.50 per acre for each acre enrolled in the sustainable forest incentive program.
History: 1Sp2001 c 5 art 8 s 11; 2003 c 127 art 5 s 38

Official Publication of the State of Minnesota
Revisor of Statutes