Minnesota HF4707 modifies class 2 agricultural property classification to include farm wineries.

Minnesota HF4707 amends the state's tax code to modify class 2 agricultural property classification. This bill includes farm wineries within the definition of agricultural land for tax purposes. The bill specifies that agricultural land includes properties used for raising or cultivating agricultural products, including farm wineries. The bill also details the requirements for properties to qualify for agricultural classification, such as the size of the land and the type of agricultural activities conducted on it. The changes are effective starting with the assessment year 2027.

Minnesota HF4707 modifies class 2 agricultural property classification to include farm wineries.

Minnesota HF4707 amends the state's tax code to modify class 2 agricultural property classification. This bill includes farm wineries within the definition of agricultural land for tax purposes. The bill specifies that agricultural land includes properties used for raising or cultivating agricultural products, including farm wineries. The bill also details the requirements for properties to qualify for agricultural classification, such as the size of the land and the type of agricultural activities conducted on it. The changes are effective starting with the assessment year 2027.