SF 4030 Summary

• Amends Minnesota Statutes section 273.13, subdivision 23 to expand the definition of agricultural products qualifying for class 2 land property tax classification.

• Adds industrial hemp to the list of agricultural products eligible for preferential agricultural property tax treatment, as defined under section 18K.02, subdivision 3.

• Expands market farming definition to include cultivation of fruits, vegetables, and animal or other agricultural products for sale to local markets by the farmer or affiliated organizations.

• Effective beginning with assessment year 2021 and thereafter.