Bill > HF2654

This bill modifies the definition of agricultural products for property tax classification purposes, specifically expanding the definition to explicitly include floriculture. The bill adds "floriculture" to the list of agricultural products eligible for agricultural property tax classification and provides a detailed definition of floriculture as including the production of bedding and garden plants, foliage plants, potted flowering plants, and cut flowers. This change means that properties primarily used for growing these types of plants can now more clearly qualify for agricultural property tax rates, which are typically lower than other commercial or residential property tax rates. The modification aims to provide clarity and potentially more favorable tax treatment for agricultural operations involving floricultural products. The bill will become effective for the assessment year beginning in 2026, giving local assessors and property owners time to understand and implement the new classification guidelines. By explicitly defining and including floriculture, the bill helps ensure that diverse types of agricultural production can receive appropriate property tax classification.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF2654&ssn=0&y=2025