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MN HF5285
Bill
Status
4/4/2024
Primary Sponsor
Lucille Rehm
Click for details
AI Summary
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Minnesota's Commissioner of Revenue must complete a study and submit a report on all state property tax programs benefiting farmers and agricultural land owners by February 1, 2025.
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The study must examine benefits provided through green acres valuation, school levies, property tax credits, and the classification and taxation of agricultural land and homesteads.
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The report must compare agricultural property tax benefits relative to other taxpayers and property classes.
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The Commissioner must submit the report to legislative committees with jurisdiction over taxes and agriculture.
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The bill becomes effective the day following final enactment.
Legislative Description
Study and report on state property tax programs that benefit farmers and other owners of agricultural land required.
Last Action
Introduction and first reading, referred to Taxes
4/4/2024