Loading chat...

MN SF2016

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Rob Kupec

Click for details

Origin

Senate

94th Legislature 2025-2026

AI Summary

  • Increases the school building bond agricultural credit from 70% to 100% of the property's eligible net tax capacity multiplied by the school debt tax rate
  • Provides greater property tax relief for qualifying agricultural properties on school district bond levies
  • Amends Minnesota Statutes 2024, section 273.1387, subdivision 2
  • Effective beginning with property taxes payable in 2026

Legislative Description

School building bond agricultural credit increase

Last Action

Referred to Taxes

2/27/2025

Committee Referrals

Taxes2/27/2025

Full Bill Text

No bill text available