MN HF4678

Increases the distance limit for noncontiguous agricultural property from four to six townships or cities in three sections of Minnesota Statutes (273.124, subdivisions 8, 14, and 21).

Allows family farm corporations, joint family farm ventures, limited liability companies, and partnerships to qualify for homestead classification on agricultural property with up to 12 allowable shareholders, members, or partners (rather than previous limits).

Expands homestead eligibility for trust-held agricultural property by clarifying that contiguous tax parcels owned by an individual and related trusts can be considered "under the same ownership" for purposes of homestead classification.

Makes changes effective for assessment year 2020 and applies to residential and agricultural property owners seeking homestead tax classifications based on proximity and family farming operations.