MN HF23

Modifies Class 4c property classification requirements for seasonal residential recreational property by adding an alternative qualification pathway for smaller properties outside the metropolitan area.

Allows properties with 20 or fewer rental units, devoted to temporary residential occupancy for no more than 250 days per year, located in townships or cities with 2,500 or fewer residents, and outside the metropolitan area to qualify for Class 4c classification without meeting the 40 percent gross lodging receipts test.

Replaces numbered subsections (i) and (ii) with lettered subsections (A) and (B) for existing Class 4c qualification requirements regarding booking periods and recreational equipment rental receipts.

Effective for taxes payable in 2012 and thereafter.