Minnesota § 383C.48 EXEMPTION FROM PROPERTY TAX FOR LEASED PROPERTY

Minnesota Statutes

§ 383C.48 — EXEMPTION FROM PROPERTY TAX FOR LEASED PROPERTY

Minnesota § 383C.48

PartCOUNTIES, COUNTY OFFICERS, REGIONAL AUTHORITIES

Ch. 383CST. LOUIS COUNTY

This text of Minnesota § 383C.48 (EXEMPTION FROM PROPERTY TAX FOR LEASED PROPERTY) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 383C.48 (2026).

Text

Property leased from Independent School District No. 692 by a nonprofit organization established for the purpose of providing services and rental space to community organizations and businesses and which donates its revenues that exceed its operating and maintenance costs and necessary reserves to the school district or to a community service fund to be used for educational and recreational purposes within the district, shall not be subject to taxation pursuant to section272.01, subdivision 2prior to the leasing or renting of the property from the nonprofit organization to a tenant.

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Property leased from Independent School District No. 692 by a nonprofit organization established for the purpose of providing services and rental space to community organizations and businesses and which donates its revenues that exceed its operating and maintenance costs and necessary reserves to the school district or to a community service fund to be used for educational and recreational purposes within the district, shall not be subject to taxation pursuant to section272.01, subdivision 2prior to the leasing or renting of the property from the nonprofit organization to a tenant.