MN SF331

Allows real estate that received green acres tax deferment in assessment year 2012 but lost eligibility in years 2013-2023 due to eminent domain action reducing the property below 10 acres to regain deferment eligibility starting in assessment year 2024.

Deferment continues until the land no longer qualifies as class 2a agricultural property, is voluntarily withdrawn from the program, or is sold, transferred, or subdivided.

Property assessed under this provision becomes subject to additional taxes under existing subdivision 9 rules when withdrawn, loses class 2a classification, or is sold, transferred, or subdivided.

Applies retroactively to assessment year 2024 and all subsequent years.