The bill amends Minnesota Statutes regarding the sale of tax-forfeited land, specifically focusing on the distribution of proceeds from such sales. It removes the previous provisions that allocated proceeds to the general funds of the state or municipal subdivisions and instead introduces a requirement for the county auditor to apportion the net proceeds to the taxing districts interested in the land, as well as to the former owner of the parcel at the time of forfeiture. Additionally, the bill mandates that any remaining balance after the sale must be returned to the former owner.

Furthermore, the bill specifies that the proceeds must first cover any canceled taxes at the time of forfeiture before any remaining balance is returned to the former owner. This change aims to ensure that former property owners receive compensation for their forfeited property while also addressing the financial obligations related to canceled taxes. The effective date for these amendments is set for the day following final enactment.

Statutes affected:
Introduction: 282.05, 282.08