Minnesota SF245 expands the definition of qualified relatives for special agricultural homesteads.
Minnesota SF245 amends the definition of qualified relatives for special agricultural homesteads. It allows agricultural property to be classified as a homestead if it meets specific criteria, including being used for noncommercial storage or drying of agricultural crops. The bill also outlines conditions for maintaining homestead classification, such as property ownership and location. Effective beginning with assessment year 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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