Bill > SF529

This bill modifies the disabled veterans homestead valuation exclusion in Minnesota. It increases the market value exclusion for veterans with a 100% and permanent disability from $150,000 to $300,000. It also removes the time limit on the exclusion carrying over to the veteran's spouse after the veteran's death, and allows the homestead of a veteran's primary family caregiver to qualify for the exclusion if the veteran meets the disability criteria but does not own property classified as homestead. The bill also makes changes to the application process and certification requirements. The changes are effective for taxes payable in 2020.