Minnesota expands qualified relatives for special agricultural homestead tax classification.

Minnesota House File 3984 amends the state's tax code to expand the definition of qualified relatives eligible for special agricultural homestead tax classification. This classification applies to agricultural property used for homestead purposes and actively farmed by a person holding a vested remainder interest. The bill specifies that the owner, the owner's spouse, or a grandparent, grandchild, child, stepchild, sibling, or uncle, aunt, nephew, niece, parent, or stepparent of the owner or the owner's spouse, who is actively farming the agricultural property, qualifies for this tax.

Minnesota expands qualified relatives for special agricultural homestead tax classification.

Minnesota House File 3984 amends the state's tax code to expand the definition of qualified relatives eligible for special agricultural homestead tax classification. This classification applies to agricultural property used for homestead purposes and actively farmed by a person holding a vested remainder interest. The bill specifies that the owner, the owner's spouse, or a grandparent, grandchild, child, stepchild, sibling, or uncle, aunt, nephew, niece, parent, or stepparent of the owner or the owner's spouse, who is actively farming the agricultural property, qualifies for this tax.