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2007 Minnesota Statutes
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Chapter 290C
Section 290C.07
Recent History
- 2017 290C.07 Amended 2017 c 1 art 10 s 9
- 2013 290C.07 Amended 2013 c 143 art 2 s 5
- 2011 290C.07 Amended 2011 c 7 art 6 s 12
- 2009 290C.07 Amended 2009 c 88 art 10 s 16
- 2008 290C.07 Amended 2008 c 154 art 2 s 23
- 2003 290C.07 Amended 2003 c 127 art 5 s 38
- 2001 290C.07 New 2001 c 5 art 8 s 11
This is an historical version of this statute chapter. Also view the most recent published version.
290C.07 CALCULATION OF INCENTIVE PAYMENT.
An approved claimant under the sustainable forest incentive program is eligible to receive an
annual payment. The payment shall equal the greater of:
(1) the difference between the property tax that would be paid on the land using the previous
year's statewide average total township tax rate and the class rate for class 2b timberland under
section 273.13, subdivision 23, paragraph (b), if the land were valued at (i) the average statewide
timberland market value per acre calculated under section 290C.06, and (ii) the average statewide
timberland current use value per acre calculated under section 290C.02, subdivision 5;
(2) two-thirds of the property tax amount determined by using the previous year's statewide
average total township tax rate, the estimated market value per acre as calculated in section
290C.06, and the class rate for 2b timberland under section 273.13, subdivision 23, paragraph
(b); or
(3) $1.50 per acre for each acre enrolled in the sustainable forest incentive program.
History: 1Sp2001 c 5 art 8 s 11; 2003 c 127 art 5 s 38
An approved claimant under the sustainable forest incentive program is eligible to receive an
annual payment. The payment shall equal the greater of:
(1) the difference between the property tax that would be paid on the land using the previous
year's statewide average total township tax rate and the class rate for class 2b timberland under
section 273.13, subdivision 23, paragraph (b), if the land were valued at (i) the average statewide
timberland market value per acre calculated under section 290C.06, and (ii) the average statewide
timberland current use value per acre calculated under section 290C.02, subdivision 5;
(2) two-thirds of the property tax amount determined by using the previous year's statewide
average total township tax rate, the estimated market value per acre as calculated in section
290C.06, and the class rate for 2b timberland under section 273.13, subdivision 23, paragraph
(b); or
(3) $1.50 per acre for each acre enrolled in the sustainable forest incentive program.
History: 1Sp2001 c 5 art 8 s 11; 2003 c 127 art 5 s 38
Official Publication of the State of Minnesota
Revisor of Statutes