MN SF2686

Amends Minnesota Statutes section 272.03 to modify the definition of real property for taxation purposes.

Excludes exterior shells of structures used primarily in the production of biofuels, wine, beer, distilled beverages, or dairy products from the definition of real property.

Excludes exterior shells primarily used for storage of ingredients, materials, or finished products related to biofuels, wine, beer, distilled beverages, or dairy products from the definition of real property.

Effective for assessment year 2015 and for taxes payable in 2016 and thereafter.