Minnesota HF363 establishes a property tax credit for certain acres certified under the Minnesota agricultural water quality certification program.

Minnesota HF363 amends state statutes to establish a property tax credit for eligible agricultural acres certified under the Minnesota agricultural water quality certification program. Eligible properties must be class 2a or 2b, certified by the commissioner of agriculture, and located in specific counties. The credit amounts to $5 per certified acre. The bill also revises the computation of net property taxes, detailing the order of credits to be subtracted from the gross tax. Effective beginning with property taxes payable in 2026, the bill appropriates funds for the credit reimbursements.

Minnesota HF363 establishes a property tax credit for certain acres certified under the Minnesota agricultural water quality certification program.

Minnesota HF363 amends state statutes to establish a property tax credit for eligible agricultural acres certified under the Minnesota agricultural water quality certification program. Eligible properties must be class 2a or 2b, certified by the commissioner of agriculture, and located in specific counties. The credit amounts to $5 per certified acre. The bill also revises the computation of net property taxes, detailing the order of credits to be subtracted from the gross tax. Effective beginning with property taxes payable in 2026, the bill appropriates funds for the credit reimbursements.