This bill amends several sections of the Minnesota Statutes related to taxation and payments in lieu of taxation for natural resources land. It introduces a new definition for "other lakeshore land," which refers to parcels of natural resources land that abut lakes identified by the Department of Natural Resources. Additionally, the bill clarifies that "other natural resources land" excludes this newly defined category of lakeshore land. The effective date for these changes is set for aids payable in 2026 and thereafter.

Furthermore, the bill modifies the payment structure for counties by adding a new payment category for "other lakeshore land," which will be calculated similarly to other types of natural resources land. This includes a provision that allows counties to receive either a set amount per acre or a percentage of the appraised value of the land, whichever is greater. The bill also updates the distribution of payments to counties and townships, ensuring that funds are allocated for property tax levy reduction and resource development. The effective date for these payment provisions is also set for aids payable in 2026.

Statutes affected:
Introduction: 477A.11, 477A.12, 477A.14