MN HF4357

Limits conservation easements burdening 500 acres or less to a maximum duration of 15 years, modifying existing law that allows unlimited duration.

Requires conservation easements to automatically terminate and be released if taxes on the burdened property become delinquent.

Requires property owners to repay easement purchase payments to the holder within 120 days of tax delinquency, calculated based on years of delinquency and remaining easement duration.

Imposes property taxes on real property initially acquired by nongovernmental organizations for conservation purposes using state funds until the property is transferred to a state agency, then sold or disposed of by that agency.

Classifies taxable conservation property as 2b rural vacant land and excludes it from payments in lieu of taxes under existing law.