Minnesota HF1922 mandates a report on payment in lieu of taxes for natural resource lands.

Minnesota HF1922 requires the commissioner of natural resources to report by December 1, 2026, on payment in lieu of taxes for natural resource lands. The report, prepared in cooperation with the commissioners of revenue and management and budget, must analyze the current payment system, including rates for specific land classes, adequacy of payments to local governments, and funding impact. The report will be available in alternative formats and shared with relevant legislative committees.

Minnesota HF1922 mandates a report on payment in lieu of taxes for natural resource lands.

Minnesota HF1922 requires the commissioner of natural resources to report by December 1, 2026, on payment in lieu of taxes for natural resource lands. The report, prepared in cooperation with the commissioners of revenue and management and budget, must analyze the current payment system, including rates for specific land classes, adequacy of payments to local governments, and funding impact. The report will be available in alternative formats and shared with relevant legislative committees.