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 adhere to the resource management incentive program. Additionally, the bill introduces a definition for "forest management plan," which is to be 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 application process for property owners seeking the reduced classification rate, stipulating that applications submitted before May 1 will qualify for the current assessment year, while those submitted after will only qualify for the following year. Furthermore, it emphasizes that the presence of minor, ancillary nonresidential structures does not disqualify the property from being classified as class 2c. Overall, the bill aims to streamline the classification process for managed forest lands and ensure that property owners are aware of the requirements to benefit from the reduced tax rate.

Statutes affected:
Introduction: 273.13