HF2011 (Legislative Session 94 (2025-2026))
Green acres tax deferment requirements modified.
Related bill: SF3025
AI Generated Summary
Purpose of the Bill
The bill aims to modify the requirements for the Green Acres tax deferment program in Minnesota. This program is designed to allow certain agricultural lands to be taxed based on their agricultural value rather than their market value, thus providing tax relief to farmers.
Main Provisions
Definitions Section Added: The bill adds a new subdivision that provides definitions for terms relevant to the Green Acres program.
Specific Terms Defined:
- Southeast Karst Region: This region is defined to include the Minnesota counties of Dodge, Fillmore, Goodhue, Houston, Mower, Olmsted, Wabasha, and Winona.
- Nutrient Management Plan: This is defined as a site-specific plan that aims to meet the nutritional needs of plants while minimizing the environmental impact by detailing the proper use of fertilizers and soil amendments.
Significant Changes
- The addition of definitions clarifies certain requirements and conditions under which the Green Acres tax deferment can be applied. By defining specific regions and plans, the bill provides clarity for landowners in these areas and ensures they comply with state-approved strategies for nutrient management.
Relevant Terms
- Green Acres tax deferment
- Southeast Karst Region
- Nutrient Management Plan
- Agricultural value vs. market value tax relief
- Site-specific plan for plant nutrients
Bill text versions
- Introduction PDF file
Actions
| Date | Chamber | Where | Type | Name | Committee Name |
|---|---|---|---|---|---|
| March 05, 2025 | House | Floor | Action | Introduction and first reading, referred to | Taxes |
Citations
[
{
"analysis": {
"added": [
"A new subdivision providing definitions related to nutrient management in specific counties."
],
"removed": [],
"summary": "This bill modifies requirements related to the green acres tax deferment under section 273.111.",
"modified": []
},
"citation": "273.111"
}
]