Bill > SF267

This bill modifies the homestead valuation exclusion for disabled veterans in Minnesota. It increases the market value exclusion to $300,000 for veterans with a total and permanent disability, and extends the benefit to the surviving spouse of a disabled veteran until the spouse remarries or sells the property, without a time limit. The bill also allows the homestead of a disabled veteran's primary family caregiver to qualify for the exclusion if the veteran does not own a homestead. The purpose of this provision is to ease the burdens of war for gravely disabled veterans, their caregivers, and their surviving spouses.