Timber Co. Seeks Better Tax Break, Threatens Land Closure
Posted at: 03/04/2013 9:56 AM
| Updated at: 03/04/2013 10:58 AM
By: Bill Lunn
KSTP, Eyewitness News
Minnesotans love to head up north, but a significant piece of our outdoor playground could be shut down.
Molpus Woodland Group owns about 286,000 acres across Northern Minnesota. That’s about a third the size of Rhode Island. Much of that land is in a program called the Sustainable Forest Incentive Act. That program allowed the land to be open to the public in exchange for a big tax break for the property owners.
The tax incentive used to be worth $2 million just a few years ago. It’s now worth about $100,000.
Molpus is now threatening to close the land, if it doesn't get a better tax break.
Molpus says they have given the state a deadline of the end of the current legislative session to come up with a plan to restore that money.
The land closure would impact cabin owners, hunting land and hunting shacks and major state snowmobile trails.
 |
Print Story | | |  |
