School districts benefit from new ag property tax credit for school bonds

Greater than 60 % of the district’s land is agricultural, Thygeson stated.

“This was a bit of laws that was completely essential for us,” he stated.

State Income Commissioner Cynthia Bauerly, state Reps. Paul Marquart, DFL-Dilworth, and Ben Lien, DFL-Moorhead, and Sen. Kent Eken, DFL-Twin Valley, all praised the Faculty Constructing Bond Agricultural Credit score, a part of the tax package deal authorised by Minnesota lawmakers this spring.

Bauerly stated $35 million was put aside to pay for the tax credit, which can apply to present and future faculty bond points.

She stated agricultural landowners within the D-G-F district, Moorhead and the remainder of the state will see the credit present up of their November Fact-In-Taxation notices.

The credit score will “assist communities come collectively” for future faculty constructing development, she stated.

“I do not assume we will overstate the significance of this to the group,” Marquart stated of the ag tax credit score he helped writer.

Marquart stated the tax breaks will make it simpler for rural communities to construct state-of-the-artwork amenities to match these within the seven-county St. Paul-Minneapolis metro space.

“I feel a rural Minnesota scholar ought to have the identical entry to a world-class facility” as a child in a metropolitan space, Marquart stated.

“This can be a whole lot. This can be a excellent deal” for higher Minnesota and farmers, Lien added.

He stated he believes the state can do extra to decrease property taxes, although how a lot will depend on the November income collections report.

Eken referred to as the agricultural property tax break “a serious step in the proper path.”

Eken stated he’d wish to see the state decide up a larger share of the burden of rural faculty development prices, however “it will go a great distance” to addressing rural constructing wants.

Income Commissioner Bauerly, a Concordia School graduate, stated a Starting Farmer Tax Credit score may also assist younger individuals trying to get into farming. The credit score supplies incentives for present farmers to lease or promote land to new farmers.

Clay County Commissioner Frank Gross stated he undoubtedly was a fan of the ag property tax credit score.

“I feel it may be an excellent factor,” Gross stated.

“We’re making an attempt to get a bond handed (within the D-G-F faculty district).” Gross stated. “It is going to assist everyone locally … by serving to the farmers.”

D-G-F voters overwhelmingly rejected a $31 million faculty development and renovation bonding plan in November 2015.

District officers then began the method over, vowing to make it possible for it couldn’t…

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