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MN HF4330
Bill
Status
3/11/2020
Primary Sponsor
Dan Fabian
Click for details
AI Summary
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Establishes native prairie aid program for counties containing native prairie land exempt under Minnesota law, effective beginning in 2021.
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Calculates aid equal to the greater of: (1) property tax that would be owed if land were classified as 2b rural vacant land; (2) $5.133 per acre of native prairie land; or (3) 0.75 percent of estimated market value of native prairie land.
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Requires counties receiving aid to distribute funds to other local taxing jurisdictions within the county in proportion to how property taxes would have been distributed if the native prairie land were subject to property tax.
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Assigns Commissioner of Natural Resources to annually identify native prairie lands and notify Commissioner of Revenue, who must calculate aid amounts and certify payments by August 1 each year.
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Appropriates an amount sufficient from the general fund to the Commissioner of Revenue to make required annual payments.
Legislative Description
Native prairie aid established, and money appropriated.
Last Action
Introduction and first reading, referred to Property and Local Tax Division
3/11/2020