as introduced - 88th Legislature (2013 - 2014) Posted on 02/28/2014 08:32am
A bill for an act
relating to taxation; property; reinstating valuation reductions for conservation
easements; amending Minnesota Statutes 2013 Supplement, section 273.117.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2013 Supplement, section 273.117, is amended to read:
The value of real property which is subject to a conservation restriction or easement
deleted text begin shall not be reduceddeleted text end new text begin may be adjustednew text end by the assessor if:
(a) the restriction or easement is for a conservation purpose as defined in section
84.64, subdivision 2, and is recorded on the property; and
(b) the property is being used in accordance with the terms of the conservation
restriction or easement.
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This section does not apply to (1) conservation restrictions or easements covering
riparian buffers along lakes, rivers, and streams that are used for water quantity or quality
control; or (2) easements in a county that has adopted, by referendum, a program to protect
farmland and natural areas since 1999.
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This section is effective beginning with assessment year
2014, for taxes payable in 2015.
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