Bill > SF2108

This bill modifies Minnesota's payment in lieu of taxation (PILT) system for certain state-owned lands, specifically introducing a new category called "other lakeshore land" defined as parcels of natural resources land that abut lakes with a Department of Natural Resources Division of Waters Lake Number. The bill amends existing statutes to include these lakeshore lands in the calculation of state payments to counties, providing counties with $5.133 per acre of other lakeshore land or three-fourths of one percent of the land's appraised value, whichever is greater. When counties receive these payments, they are required to deposit a portion into their general revenue fund and distribute 10% to townships containing qualifying land, with the funds primarily intended to reduce property tax levies. The changes will take effect for aids payable in 2026 and thereafter, ensuring that counties with state-owned lakeshore lands receive additional compensation. This modification aims to provide more equitable financial support to counties with significant state-owned natural resource and lakeshore lands, recognizing the potential economic impact of such lands on local tax bases.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2108&ssn=0&y=2025