Bill > HF500

This bill modifies the homestead valuation exclusion for disabled veterans. 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 for the surviving spouse of a disabled veteran or a service member who died due to a service-connected cause. Additionally, the bill 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 a homestead in Minnesota. The bill aims to provide tax relief and ease the burdens of war for disabled veterans, their caregivers, and their surviving spouses.