summary
Introduced
02/04/2019
02/04/2019
In Committee
02/04/2019
02/04/2019
Crossed Over
Passed
Dead
05/17/2020
05/17/2020
Introduced Session
91st Legislature 2019-2020
Bill Summary
Homestead valuation exclusion for disabled veterans modified.
AI Summary
This bill modifies the homestead valuation exclusion for disabled veterans in Minnesota. It increases the market value exclusion from $150,000 to $300,000 for veterans with a 100% and permanent disability, and it removes the time limit on the exclusion for a deceased veteran's spouse. The bill also 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 in Minnesota. The effective date of these changes is for taxes payable in 2020.
Committee Categories
Military Affairs and Security
Sponsors (2)
Last Action
Introduction and first reading, referred to Veterans and Military Affairs Finance and Policy Division (on 02/04/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.revisor.mn.gov/bills/bill.php?b=House&f=HF0735&ssn=0&y=2019 | 02/05/2019 |
| BillText | https://www.revisor.mn.gov/bills/text.php?number=HF735&version=0&session=ls91&session_year=2019&session_number=0&format=pdf | 02/05/2019 |
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