This bill amends Minnesota Statutes 2024, specifically section 273.13, subdivision 23, to clarify the eligibility criteria for class 2c managed forest land classification. The amendment removes the requirement that the forest management plan must meet the standards of chapter 290C and instead specifies that it must align with the resource management incentive program. Additionally, the bill introduces a definition for "forest management plan," which refers to a plan prepared by an approved plan writer as defined in section 290C.02. The classification rate for class 2c managed forest land is set at 0.65 percent of market value, contingent upon the property owner applying to the assessor and providing necessary verification information.

The bill also outlines the process for property owners to qualify for the reduced classification rate, including deadlines for application submission and the requirement for the commissioner of natural resources to verify the land's qualification. The presence of minor, ancillary nonresidential structures does not disqualify the property from this classification. Overall, the bill aims to streamline the classification process for managed forest lands while ensuring that property owners are aware of the necessary steps to qualify for tax benefits.

Statutes affected:
Introduction: 273.13