The bill amends Minnesota Statutes 2024, section 273.13, subdivision 23, to modify the definition of agricultural products for the classification of class 2 agricultural property. Notably, the term "agricultural products" is expanded to include "floriculture," which encompasses the production of bedding and garden plants, foliage plants, potted flowering plants, and cut flowers. Additionally, the bill clarifies that a greenhouse or building used for growing floricultural or nursery products must be classified as agricultural if it is primarily used for cultivation, even if it is occasionally used for retail sales.

Furthermore, the bill introduces an effective date stating that these changes will take effect beginning with the assessment year 2026. This legislative update aims to provide clearer guidelines for property classification related to agricultural activities, ensuring that various forms of agricultural production, including floriculture, are recognized and appropriately classified under Minnesota tax law.

Statutes affected:
Introduction: 273.13