Minnesota SF960 establishes a property tax exemption for agricultural riparian buffers and requires reimbursement to taxing jurisdictions.

Minnesota SF960 amends the state's tax code to create a property tax exemption for agricultural riparian buffers, provided the landowner complies with specific requirements. The bill mandates that county auditors certify necessary information to the commissioner of revenue for reimbursement calculations. The commissioner then reimburses local taxing jurisdictions, excluding school districts, from the general fund. For school districts, reimbursements are made from the general fund to the Department of Education.

Minnesota SF960 establishes a property tax exemption for agricultural riparian buffers and requires reimbursement to taxing jurisdictions.

Minnesota SF960 amends the state's tax code to create a property tax exemption for agricultural riparian buffers, provided the landowner complies with specific requirements. The bill mandates that county auditors certify necessary information to the commissioner of revenue for reimbursement calculations. The commissioner then reimburses local taxing jurisdictions, excluding school districts, from the general fund. For school districts, reimbursements are made from the general fund to the Department of Education.