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MN HF1741

MN HF1741
Disabled veteran homestead market value exclusion modified.


summary

Introduced
03/01/2021
In Committee
03/01/2021
Crossed Over
Passed
Dead
05/23/2022

Introduced Session

92nd Legislature 2021-2022

Bill Summary

A bill for an act relating to taxation; property; modifying the disabled veterans homestead market value exclusion; amending Minnesota Statutes 2020, section 273.13, subdivision 34.

AI Summary

This bill modifies the disabled veteran homestead market value exclusion in Minnesota. It increases the market value exclusion from $150,000 to $300,000 for veterans with a 100% and permanent disability. It also allows married couples where both spouses individually qualify for the exclusion to receive a combined exclusion up to the maximum amount, as long as they both permanently reside at the property and hold legal or beneficial title to it. The bill aims to provide additional property tax relief for veterans with service-connected disabilities and their surviving spouses.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred by Chair to Property Tax Division (on 03/01/2021)

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