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MN SF1099

Bill

Official Source

Status

Introduced

2/2/2023

Primary Sponsor

Bill Weber

Click for details

Origin

Senate

93rd Legislature 2023-2024

AI Summary

  • Adds a new exemption to Minnesota's deed tax for like-kind exchanges of class 2a agricultural land between owners when the exchanged properties are of equal value
  • Applies only to property classified as class 2a agricultural land under Minnesota Statutes section 273.13, subdivision 23
  • Exempts both the deed or instrument of conveyance to and from owners in qualifying agricultural land exchanges from the deed tax imposed under section 287.21
  • Amends Minnesota Statutes 2022, section 287.22 by adding a new subsection (16) to the list of existing deed tax exemptions

Legislative Description

Agricultural land exchanges exemption from the deed tax establishment

Last Action

Referred to Taxes

2/2/2023

Committee Referrals

Taxes2/2/2023

Full Bill Text

No bill text available