Minnesota HF1680 establishes a property tax exemption for agricultural riparian buffers and requires reimbursement to local taxing jurisdictions.

Minnesota HF1680 amends state statutes to create a property tax exemption for agricultural riparian buffers, provided the landowner complies with specific requirements. The bill mandates that the commissioner of revenue reimburse local taxing jurisdictions, excluding school districts, for the tax exemption in two equal installments. The commissioner of education must reimburse school districts. The bill also outlines the certification and calculation processes for these reimbursements, ensuring that the amounts are based on accurate data.

Minnesota HF1680 establishes a property tax exemption for agricultural riparian buffers and requires reimbursement to local taxing jurisdictions.

Minnesota HF1680 amends state statutes to create a property tax exemption for agricultural riparian buffers, provided the landowner complies with specific requirements. The bill mandates that the commissioner of revenue reimburse local taxing jurisdictions, excluding school districts, for the tax exemption in two equal installments. The commissioner of education must reimburse school districts. The bill also outlines the certification and calculation processes for these reimbursements, ensuring that the amounts are based on accurate data.