Subdivision 1. Annual payment. An incentive payment for each acre of enrolled land will be made annually to each claimant in the amount determined under section 290C.07. By September 15 of each year, the commissioner of natural resources must certify to the commissioner the lands eligible for payment. The incentive payment shall be paid by the commissioner on or before October 1 each year based on the certifications due July 1 of that year. Interest at the annual rate determined under section 270C.40 shall be included with any incentive payment not paid by the later of October 1 of the year the certification was due, or 45 days after the completed certification was returned or filed if the commissioner accepts a certification filed after July 1 of the taxes payable year as the resolution of an appeal.
Subd. 2. Appropriation. The amount necessary to make the payments under this section is annually appropriated to the commissioner from the general fund.
1Sp2001 c 5 art 8 s 12; 2005 c 151 art 2 s 17; 1Sp2017 c 1 art 10 s 10
Structure Minnesota Statutes
Chapters 289A - 295 — Various State Taxes And Programs
Chapter 290C — Sustainable Forest Resource Management Incentive
Section 290C.02 — Definitions.
Section 290C.03 — Eligibility Requirements.
Section 290C.04 — Applications.
Section 290C.05 — Annual Certification And Monitoring.
Section 290C.055 — Length Of Covenant.
Section 290C.06 — Calculation Of Average Estimated Market Value; Managed Forest Land.
Section 290C.07 — Calculation Of Incentive Payment.
Section 290C.08 — Annual Incentive Payment; Appropriation.
Section 290C.09 — Removal For Property Tax Delinquency.
Section 290C.10 — Withdrawal Procedures.
Section 290C.101 — Transfer Of Ownership.
Section 290C.11 — Penalties For Removal.