This bill amends Minnesota Statutes 2024, section 273.1387, subdivision 2, to increase the school building bond agricultural credit from 70 to 100. The credit is calculated based on the school debt tax rate determined under section 275.08, subdivision 1b.

Additionally, the bill includes an effective date stating that the new credit amount will apply to property taxes payable starting in 2026. This change aims to provide greater financial support to qualifying agricultural properties in relation to school building bonds.

Statutes affected:
Introduction: 273.1387