MN SF49

Adds a new property tax exemption for land owned by nonprofit conservation organizations that is leased to private individuals, corporations, or associations for grazing activities that support the organization's conservation objectives

Amends Minnesota Statutes section 272.01, subdivision 2, which normally requires property taxes when tax-exempt property is used by private entities for profit

The exemption applies specifically to grazing arrangements where the commercial use aligns with and furthers the nonprofit's conservation goals for the property

Effective beginning with property taxes payable in 2026