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MN HF363
Bill
Status
2/13/2025
Primary Sponsor
Steven Jacob
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AI Summary
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Creates a $5 per acre property tax credit for agricultural land (class 2a or 2b) certified under the Minnesota Agricultural Water Quality Certification Program in eight southeastern Minnesota counties: Dodge, Fillmore, Goodhue, Houston, Mower, Olmsted, Wabasha, and Winona
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Requires the Commissioner of Agriculture to annually notify county assessors of certified acres, and county auditors to certify tax reductions to the Commissioner of Revenue
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Appropriates money from the Clean Water Fund to reimburse local taxing jurisdictions and school districts for the tax reductions granted under the credit
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Adds the agricultural water quality credit to the list of credits shown on property tax statements and notices of proposed property taxes
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Effective beginning with property taxes payable in 2026
Legislative Description
Property tax credit established for certain acres certified under the Minnesota agricultural water quality certification program, and money appropriated.
Last Action
Committee report, to adopt as amended and re-refer to Legacy Finance
4/1/2025