Bill > SF2626

This bill modifies the definition of agricultural products in Minnesota's property tax classification system, specifically expanding the definition to include floriculture. The bill adds "floriculture" to the list of agricultural products and provides a specific definition that encompasses the production of bedding and garden plants, foliage plants, potted flowering plants, and cut flowers. This change will impact how certain properties are classified for tax purposes, potentially allowing more types of plant-related agricultural operations to qualify for agricultural property tax rates. The modification is part of Minnesota Statutes section 273.13, which details property classification for tax assessment purposes. The bill specifies that this change will become effective with the assessment year 2026, giving local assessors and property owners time to understand and implement the new definition. By broadening the definition of agricultural products, the bill may provide tax benefits to a wider range of horticultural and floricultural businesses, potentially supporting agricultural diversity and economic flexibility for farmers and plant producers in Minnesota.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF2626&ssn=0&y=2025