MN SF960

Exempts riparian buffers on class 2a and 2b agricultural property from property taxes, provided landowners comply with existing buffer requirements under section 103F.48, effective beginning with assessment year 2026

Requires landowners to apply to the county assessor for the exemption, with local soil and water conservation districts certifying eligible land by November 15 each year and reporting any non-compliance

Mandates the state reimburse local taxing jurisdictions (counties, cities, townships) for lost property tax revenue in two equal installments on October 31 and December 26 of each taxes payable year

Appropriates funds from the general fund to the Commissioner of Revenue for non-school reimbursements and to the Commissioner of Education for school district reimbursements

Adds agricultural riparian buffer reimbursements to the list of school district payments certified by the Department of Revenue to the Department of Education, effective fiscal year 2027