Bill > SF1654

This bill modifies the disabled veterans homestead market value exclusion in Minnesota. It allows a combined exclusion of up to $450,000 (the maximum individual exclusions of $150,000 and $300,000) for a married couple if both spouses individually qualify for the exclusion and both permanently reside at the property. After the death of one spouse, the surviving spouse can continue to receive the combined exclusion until they remarry or sell/transfer the property. The bill also clarifies other aspects of the disabled veterans homestead exclusion, such as the requirements for spouses and primary family caregivers to qualify for the exclusion.