Bill Text: MN SF1012 | 2013-2014 | 88th Legislature | Introduced
Bill Title: Conservation property tax valuation criteria establishment for conservation easements purchased with outdoor heritage funds
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2013-03-04 - Referred to Taxes [SF1012 Detail]
Download: Minnesota-2013-SF1012-Introduced.html
1.2relating to outdoor heritage; establishing property tax valuation criteria for
1.3conservation easements purchased with outdoor heritage funds;amending
1.4Minnesota Statutes 2012, section 273.117.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 273.117, is amended to read:
1.7273.117 CONSERVATION PROPERTY TAX VALUATION.
1.8 (a) Except as provided under paragraph (b), the value of real property which is
1.9subject to a conservation restriction or easement may be adjusted by the assessor if:
1.10(a) (1) the restriction or easement is for a conservation purpose as defined in section
1.1184.64, subdivision 2
, and is recorded on the property; and
1.12(b) (2) the property is being used in accordance with the terms of the conservation
1.13restriction or easement.
1.14(b) The assessor shall value in fee simple any real property subject to one or more
1.15conservation easements acquired in whole or in part with money from the outdoor heritage
1.16fund established under the Minnesota Constitution, article XI, section 15.
1.17EFFECTIVE DATE.This section is effective for assessment year 2013 and
1.18thereafter, for taxes payable in 2014 and thereafter.
1.3conservation easements purchased with outdoor heritage funds;amending
1.4Minnesota Statutes 2012, section 273.117.
1.5BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
1.6 Section 1. Minnesota Statutes 2012, section 273.117, is amended to read:
1.7273.117 CONSERVATION PROPERTY TAX VALUATION.
1.8 (a) Except as provided under paragraph (b), the value of real property which is
1.9subject to a conservation restriction or easement may be adjusted by the assessor if:
1.10
1.12
1.13restriction or easement.
1.14(b) The assessor shall value in fee simple any real property subject to one or more
1.15conservation easements acquired in whole or in part with money from the outdoor heritage
1.16fund established under the Minnesota Constitution, article XI, section 15.
1.17EFFECTIVE DATE.This section is effective for assessment year 2013 and
1.18thereafter, for taxes payable in 2014 and thereafter.
