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MN HF1780
MN HF1780Payment in lieu of taxation; definitions established, and payments for other lakeshore land established.
summary
Introduced
03/03/2025
03/03/2025
In Committee
03/03/2025
03/03/2025
Crossed Over
Passed
Dead
Introduced Session
94th Legislature 2025-2026
Bill Summary
A bill for an act relating to taxation; payment in lieu of taxation; establishing definitions; establishing payments for other lakeshore land; amending Minnesota Statutes 2024, sections 477A.11, subdivision 4, by adding a subdivision; 477A.12, subdivision 1; 477A.14, subdivision 1.
AI Summary
This bill modifies Minnesota's payment in lieu of taxation (PILT) law by establishing a new category of state-owned land called "other lakeshore land," which is defined as parcels of other natural resources land that abut lakes identified by a Department of Natural Resources Lake Number. The bill updates several sections of Minnesota Statutes to include this new land classification, specifically amending how payments are calculated and distributed to counties. Under the new provisions, counties will receive $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 must allocate a portion (10%) to townships with qualifying land, with the funds intended to provide property tax levy reduction. The changes will take effect for aids payable in 2026 and thereafter, allowing counties and townships to plan for the new payment structure. The bill essentially expands the existing natural resources land payment system to specifically recognize and compensate counties for state-owned lakeshore properties.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Introduction and first reading, referred to Taxes (on 03/03/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF1780&ssn=0&y=2025 |
BillText | https://www.revisor.mn.gov/bills/text.php?number=HF1780&version=0&session=ls94&session_year=2025&session_number=0&format=pdf |
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